Kansas City Southern profit beats, signals strength in fourth quarter
Shares 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.