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Rail News: Rail Industry Trends
10/26/2001
Rail News: Rail Industry Trends
KCS reports solid third-quarter results
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Similar to most of the other Class Is, Kansas City Southern made financial strides in the third quarter.
KCS Oct. 24 reported $9 million in income from continuing operations compared with $2.6 million in third-quarter 2000 — a 246 percent increase resulting from better domestic operating income, equity earnings from Transportación Ferroviaria Mexicana S.A. de C.V. and reduced interest expenses.
Meanwhile, the railroad's revenues slightly increased to $144.6 million compared with $144.1, while consolidated costs and expenses dropped $1 million to $128.6 million compared with last year.
KCS' 85.9 third-quarter operating ratio improved 4 percent compared with its 89.9 third-quarter 2000 ratio; TFM's quarterly ratio dropped to 75.6 compared with 76.9 last year.
KCS Oct. 24 reported $9 million in income from continuing operations compared with $2.6 million in third-quarter 2000 — a 246 percent increase resulting from better domestic operating income, equity earnings from Transportación Ferroviaria Mexicana S.A. de C.V. and reduced interest expenses.
Meanwhile, the railroad's revenues slightly increased to $144.6 million compared with $144.1, while consolidated costs and expenses dropped $1 million to $128.6 million compared with last year.
KCS' 85.9 third-quarter operating ratio improved 4 percent compared with its 89.9 third-quarter 2000 ratio; TFM's quarterly ratio dropped to 75.6 compared with 76.9 last year.
