Railroad News

Kansas City Southern today reported fourth-quarter 2020 revenue declined 5% to $693.4 million compared with $729.5 million during the same period in 2019.

KCS officials attribute the decrease primarily to lower volumes related to a service interruption in Mexico due to teachers protests, lower fuel surcharge and fluctuations in foreign currency.

CSX Corp. yesterday reported fourth-quarter 2020 net earnings of $760 million, or 99 cents per share, compared with $771 million, or 99 cents per share, in the previous year's same quarter.

The Q4 2020 net income included a $48 million charge, or 5 cents per share after tax, related to debt retirement.