fourth quarter Archives - Maritime Shipping News

Kansas City Southern eyes lower operating ratio

23 January 2021

A photograph of a Kansas City Southern train in a rail yard.

Kansas City Southern (NYSE: KSU) expects to execute the third phase of its version of precision scheduled railroading (PSR) this year in a bid to lower the company’s operating ratio (OR) to the mid-50s by 2022.

PSR is an operational tool that almost all of the Class I railroads deployed to streamline operations. Kansas City Southern (KCS) adopted PSR in 2019. Investors use OR to gauge the financial health of a company, with a lower OR implying improved health. OR is a company’s operating...

https://www.freightwaves.com/news/kansas-city-southern-eyes-lower-operating-ratio

Kansas City Southern’s Q4 net income rises 30%

22 January 2021

A photograph of a Kansas City Southern train traveling through a grassy field.

Kansas City Southern’s (NYSE: KSU) net profit for the fourth quarter of 2020 rose 30% over a year ago despite a 5% decline in revenue.

Fourth-quarter 2020 net income was $165.7 million, or $1.80 per diluted share, compared with $127.2 million, or $1.30 per diluted share, for the fourth quarter of 2019.

Revenue totaled $693.4 million, compared with $729.5 million year-over-year. Revenue gains for Kansas City Southern’s (KCS) chemical and petroleum segment and its agricultural and minerals segment...

https://www.freightwaves.com/news/kansas-city-southerns-q4-net-income-rises-30

Greenbrier expects mid-2021 recovery

26 October 2020

A photograph of tank cars parked inside a garage.

The second half of 2021 could be the time frame when the rail industry will “turn the corner” and see not only sustained higher volumes but also more opportunities for railcar lessors and manufacturers, executives with railcar manufacturer Greenbrier (NYSE: GBX) said Friday.

This turnaround will happen provided that the broader economy recovers successfully from the COVID-19 pandemic.

“Economic uncertainty persists across all our end markets, but there are pockets of recovery if longer-term...

https://www.freightwaves.com/news/greenbrier-expects-mid-2021-recovery