Kansas City Southern profit beats, signals strength in fourth quarter

Kansas City Southern profit beats, signals strength in fourth quarter

Kansas City Southern profit beats, signals strength in fourth quarterShares of the company, which derives one-third of its revenue from Mexico, jumped 5.2% to $142.41 in early trading. “We have a positive outlook for the rest of the year,” Chief Executive Patrick Ottensmeyer said on a conference call with analysts. The results come as the railroad industry is seeing volumes fall because of competition from low-priced, long-haul truckers and U.S. President Donald Trump’s bruising tariff disputes with key trade partners like China and Mexico.