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Joint venture increases rail capacity

By Dave Hannon -- Purchasing, 5/24/2006 2:00:00 AM

Kansas City Southern and Norfolk Southern have completed a joint venture to increase capacity and improve service on the Meridian Speedway, a stretch of track between Meridian, Miss., and Shreveport, La. Under the agreement, which has been approved by the Surface Transportation Board, KC Southern retains 70% ownership of the Meridian Speedway and Norfolk Southern owns the remaining 30% and will spend $300 million for capital improvements to the line.

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