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Tuesday, October 28, 2008
Trains Roll On Down The Line
If there is one constant in this current economic downturn, it is the resurgence of rail in regards to supply chain distribution methods. Just today, Kansas City Southern announced that they had hit a 17% increase in quarterly profit but just missed their Wall Street forecast. KCS's net income increased about .52$ a share compared to holding steady at .48$ this time last year.In addition, Kansas City Southern had expected to do better in regards to their 3rd quarter reports, but due to the lengthy and brutal hurricane season (Gustav and Ike in particular) earnings were slightly reduced. Many analysts are expecting to see shares rise to about .60$ next quarter.
It is obvious that rail distributors seem to be doing well in stark contrast with other land and air distributors.
Source: SupplyChainExec
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