Kansas City Southern’s Oil Win Proves Problematic, AMLO May Become a Drag — Panjiva


Kansas City Southern’s Oil Win Proves Problematic, AMLO May Become a Drag

Cons. Discr. - Autos 661 Earnings 365 Energy - Conventional 272 Energy - Refined Oil 149 Mexico 505 Mode - Rail 66

Rail operator Kansas City Southern reported 3Q 2018 revenue growth of 6.5% in part due to an acceleration of refined oil shipments to Mexico from the U.S. Total Mexican imports of refined oil climbed 9.9%, while those by rail surged 80.6% higher in the three months to August 31 on a year earlier. The speed of growth, and resulting congestion, may explain KCS’s increased dwell time and reduced speeds. The company has also flagged further demand growth in oil products as a future driver of earnings, though recent statements by President-elect Andrés Manuel López Obrador suggest the country...

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