News / North American railroads enjoy strong third quarter, despite Hurricane Harvey

Hurricane Harvey failed to derail North American operators as intermodal revenue continued to rise in the third quarter – international shipments bolstering double-digit net income gains.

Kansas City Southern stood out as the sector’s star performer, with nine-month revenue up 11% year-on-year, to $1.9bn, resulting in $411m in net income for the period.

While intermodal revenue for the year to date only showed marginal gains at $266m, the mode performed better in the third quarter with turnover up 4% to $92.3m.

Revenue for the three months to September climbed ...