Kansas City Southern says volumes pacing ahead of pre-COVID levels

In conference presentation slides, Kansas City Southern said its volumes are pacing ahead of pre-COVID levels. For Q3-to-date through September 15, the company’s volumes are down 4% and revenue down 13% versus last year. Currency and fuel adjusted revenue is down 8%. For the month of September through the 15th, volumes are up 2% year-over-year. Q3 is led by 8% franchise cross-border volumes growth, with strength in cross-border and domestic intermodal and refined product shipments to Mexico rebounding, Kansas City Southern noted.