(Source: Money News, February 18, 2014)
NEW YORK — Shares of Kansas City Southern, the U.S. railroad that gets almost half its revenue from Mexico, fell the most in the Standard & Poor’s 500 Index after the lower house of Mexico’s Congress approved a bill to increase rail competition. The legislation, which would give third-party companies access to now-exclusive rail networks, now goes to the Mexican Senate for a vote, Anthony Gallo, a Wells Fargo & Co. analyst, said in a note Tuesday. Kansas City Southern operates a Mexican railroad under a 1997 government concession that extends to 2027, he said.
Full story: Money News