(Source: Transport Topics, October 19, 2021)
WASHINGTON, D.C. — Kansas City Southern reported mixed third-quarter financial results on Oct. 19, as the Class I freight railroad saw a 13% jump in revenue to $744 million, compared with $659.6 million a year earlier. However, net income dipped to $156.5 million or $1.72 per share, compared with $190.2 million, $2.02, in 2020. The company’s operating ratio also slumped to 66.1 from 58.8 a year ago.
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