(Source: Supply Chain Dive, April 21, 2020)
WASHINGTON, D.C. — Freight volume was up 4% year-over-year (YoY) in the first quarter for Kansas City Southern (KCS), but a 26% month-over-month drop in train starts as of April 15 — exacerbated by the timing of the Easter holiday — portends a much tougher second quarter. Executives pulled back previously issued guidance on a Friday earnings call. The true impact of the coronavirus outbreak on the railroad won’t be reported until subsequent quarters and executives indicated KCS customers are already feeling the pain of decreased demand and supply chain interruptions.
Full story: Supply Chain Dive