Jan 28, 2011

Globalization: Kansas City Southern Railroad sees 2011 gains, Mexico growth

We post this article because it is a concrete demonstration of the increasing integration of the Mexcian and U.S. economies. We also post it because we live near the Kansas City Southern de Mexico tracks and see all those container cars go by on their way to the U.S. 

Kansas City Southern sees 2011 gains, Mexico growth | Reuters: "U.S. railroad Kansas City Southern (KSU.N) reported quarterly results that beat forecasts as commodity shipments rose, and said revenue should grow in the low double digits this year. Mexico, where the company generates nearly half its revenue, will remain important, analysts said. ...

... The Kansas City, Missouri-based company's international holdings include Kansas City Southern de Mexico, a primary Mexican rail line that connects the United States and Mexico.

"They've got great prospects for 2011, particularly in Mexico as a lot of multinational companies are either establishing a brand new presence in Mexico or bolstering their presence," said BB&T Capital Markets analyst Neal Deaton."

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