KCS Q3 2020 net profit grows 5% despite lower revenue
(Source: Freight Waves, October 16, 2020)
CHATTANOOG, Tenn. — Kansas City Southern’s third-quarter net profit rose 5.3% as a 16.7% decrease in operating expenses helped to offset a 12% decline in revenue. Net income in the third quarter of 2020 was $189.7 million, or $2.01 per diluted share, compared with $180.1 million, or $1.81 per diluted share, in the third quarter of 2019.
Full story: Freight Waves
Friday, October 16, 2020
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