Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.
Kansas City Southern – a transportation holding company that has railroad investments in the U.S., Mexico and Panama – recorded a net income of $629.4 million for 2018, down from a net income of $963.9 million for 2017, when the company’s earnings were boosted by an income tax benefit.
Income before income taxes totaled $886.9 million for 2018, up from $874.3 million for 2017.
Revenues clocked in at $2.71 billion for 2018, up 5 percent year-over-year, amid a 2 percent increase in carload growth.
Earlier this week, CSX posted a net income of $3.31 billion on revenues of $12.25 billion for 2018.
Class I railway Canadian Pacific is scheduled to release its 2018 financial results on Jan. 23, followed by Union Pacific and Norfolk Southern on Jan. 24 and Canadian National on Jan. 29.
Kansas City Southern posts 2018 results
