Kansas City Southern Earnings Fall, Aims for Mexico's Auto Market

SUGAR LAND--October 19, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Freight rail operator Kansas City Southern (NYSE:KSU) (Kansas City, Missouri) reported third-quarter net income of $120.3 million on Tuesday, compared with $132.9 million for the same quarter of the previous year. Shipped volumes and revenues each declined 4% year over year. Nevertheless, company executives remained upbeat, particularly regarding the automotive market. Industrial Info is tracking $89.9 million in capital projects belonging to Kansas City Southern, as well as associated projects that require railyards and shipping facilities.

Within this article: Details of capital spending plans by Kansas City Southern