KCs cross-border shipments, revenues up in 2Q

摘要

Kansas City Southern’s (KCS) revenues rose by 5pc to a record $714mn in the second quarter of 2019, driven by strong refined products shipments to Mexico. KCS’ overall rail volumes were flat. KCS, whose Mexican subsidiary handles substantial LPG and refined products imports into Mexico, saw cross-border volumes rise by 10pc from a year earlier. Energy-specific volumes more than doubled to 22,500 car- loads from 10,000 carloads a year earlier. Overall energy sector revenues declined by 5pc as utility coal shipments were offset by declines in volumes for hydrau- lic fracturing sand and Canadian crude oil.