Kansas City Southern Reports Higher Earnings

ansas City Southern reported first-quarter net income Tuesday of $5.9 million or 9 cents a share, up from $1.2 million 2 cents a year earlier.

The company’s revenue of $198.2 million was led by record revenue from Kansas City Southern Railway Co., its principal U.S. subsidiary, and the inclusion of its recently acquired Mexrail Inc., which operates in Mexico.

KCSR’s first-quarter revenue of $179.3 million was a 22% gain over the same period last year, primarily a result of a 6.6% growth in carloadings, increased yields and increased fuel surcharges, the company said in a statement.

The Tex Mex connects KCSR with Mexican railroad TFM, S.A. de C.V. at Laredo, Texas, the main Texas gateway between the United States and Mexico.