Kansas City Southern quarterly revenue rises 37%

[July 16, 2021]   (Reuters) - U.S. railroad operator Kansas City Southern reported a 37% jump in quarterly revenue, helped by higher freight volumes and fuel surcharges.

A wagon of a freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo

Revenue rose to $749.5 million in the second quarter ended June 30, from $547.9 million a year earlier.

Kansas City has agreed to be taken over by Canadian National Railway Co for $33.6 billion and the planned merger is being scrutinized by regulatory authorities.

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sriraj Kalluvila)

[© 2021 Thomson Reuters. All rights reserved.]

Copyright 2021 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.