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Railroad Kansas City Southern quarterly profit rises
October 20, 2017 / 12:11 PM / 2 months ago

Railroad Kansas City Southern quarterly profit rises

Oct 20 (Reuters) - Kansas City Southern, the fourth-largest U.S. railroad, reported a higher quarterly net profit on Friday, driven by year-over-year growth from all of its six business units and increased rail car volumes.

The Kansas City, Missouri-based railroad posted third-quarter net income of $130 million, or $1.23 per diluted share, up from $121 million, or $1.12 per share a year earlier. (Reporting by Eric M. Johnson in Seattle)

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