Kansas City Southern revenue rises on higher grain shipments

By: | at 04:17 PM | Intermodal  

Railroad operator Kansas City Southern reported a 10 percent rise in first-quarter revenue, helped by higher shipments in its agriculture business.

Revenue rose to $607.4 million from $552.8 million, while revenue at the company’s agriculture business jumped 40 percent.

Kansas City Southern’s net income fell to $94 million, or 85 cents per share, for the quarter ended March 31, from $104.2 million, or 94 cents per share, a year earlier.

Excluding items, the company earned $1.05 per share. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Simon Jennings)


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