NAFTA future clouds Kansas City Southern earnings beat [Reuters]
Kansas City Southern (KSU)
Last kansas city southern earnings: 4/17 08:00 am
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Source: Reuters
NAFTA future clouds Kansas City Southern earnings beat | Reuters Reuters Staff 3 Min Read (Reuters) - Kansas City Southern, a U.S. railroad with extensive operations in Mexico, sought to ease investor fears on Friday over the future of the North American Free Trade Agreement, touting forecasts of solid freight volumes and a stronger economy in 2018. Uncertainty over the future of NAFTA looms over the Kansas City, Missouri-based company, which dominates cross-border rail trade between the United States and Mexico and draws about 30 percent of its revenue from U.S.-Mexico shipments. “Next week could be a headline week for Kansas City Southern depending on the sentiment that comes out of negotiations,” Ottensmeyer told analysts on a conference call after the company posted higher quarterly profit. Despite beating on revenue, shares of the railroad were off 3 percent in early-morning trading. President Donald Trump has threatened to withdraw from the accord and the next round of talks is
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