Kansas City Southern Railway said it had profit of $100.1 million in the third quarter ending Sept. 30, compared to $52.8 million in the same 2010 period.
Revenue was $544.5 million in the quarter, 24 percent more than the $438.3 million in the corresponding 2010 period.
The comparable results from last year’s third quarter were lowered by disruptions caused by Hurricane Alex. Adjusting for the storm, the company said revenues this year were up a more modest 16 percent.
The railroad moved 60,800 carloads in the quarter.
David L. Starling, president and chief executive officer, said the company posted record carloadings and revenues.
“These achievements are all the more impressive given the operating challenges caused by prolonged flooding in the Midwest, particularly along the Missouri River. The flooding resulted in the closure of a primary rail line into Kansas City from mid-June through Labor Day, which significantly disrupted grain and coal traffic,” he said.
Kansas City Southern profit nearly doubles
