Kansas City Southern posts 2018 results

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.