Kansas City Southern Reports 1Q Loss

Kansas City Southern said Thursday it lost $7.5 million, 8 cents a share, in its first quarter, compared with a profit of $32.9 million, or 39 cents, a year ago.

Revenue fell to $346 million from $450.6 million a year ago, impacted by a 15% decline in volumes, the result of the weak United States, Mexico and overall global economies, the railroad said in a statement.

U.S. traffic volume declined 7%, KCS said.