Kansas City Southern de Mexico

Although the COVID-19 pandemic led to a 23% drop in revenue in the second quarter for Kansas City Southern (NYSE: KSU), the operational changes the company made to cut costs are serving as the silver lining.

Many of those changes will become permanent even as volumes grow beyond February’s pre-pandemic levels, Kansas City Southern (KCS) officials said during the company’s second-quarter earnings call on Friday.

“This is a permanent structural savings in our cost structure that we think will carry...

https://www.freightwaves.com/news/kansas-city-southern-seeks-to-maintain-psr-related-cost-cuts

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