Kansas City Southern’s (NYSE: KSU) second-quarter revenue dipped 23% amid a 21% drop in carload volumes.
Revenue in the second quarter of 2020 totaled $547.9 million, down 23% from the same period in 2019 as demand slumped because of the coronavirus pandemic, the railroad said early Friday, July 17.
Second-quarter net profit was $110.3 million, or $1.16 per diluted share, compared with $129.1 million, or $1.28 per diluted share, in the second quarter of 2019.
Operating expenses were $367.5...
https://www.freightwaves.com/news/pandemic-weighs-on-kansas-city-southerns-second-quarter-profits