KCS 4Q20: ‘Strong Quarter, Despite Challenges,’ Improved Outlook (Updated, Cowen) Written by Marybeth Luczak, Executive Editor
“Despite several significant challenges in the fourth quarter, including continued impacts from the pandemic, weather events and an extended outage from illegal protests on segments of our network in Mexico, KCS delivered strong fourth quarter results,” KCS President and CEO Patrick J. Ottensmeyer said.
Kansas City Southern reported Jan. 22 that fourth-quarter 2020 revenue fell 5% to $693.4 million vs. $729.5 million in the comparable 2019 quarter. This was based on lower volumes (3% decline) related to a 59-day service disruption at Lazaro Cardenas due to teachers’ protests; lower fuel surcharge; and fluctuations in foreign currency.