Tuesday, September 7, 2010
Listening to Kansas City Southern talk Economy
There is a $200/container savings crossing the border by shippers switching from the 1.9 million trucks to rail. Look for more to happen. Cross border traffic for KSU is up 55% year over year now equal to 25% of their total business. Hurricane Alex really hurt 2010 but other growth has been with train length up 10% year over year. Pricing is increasing and carloads are up 24%. No recession here.