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Kansas City Southern last week reported first-quarter 2021 revenue of $706 million, down 4% from the same period a year ago.
Overall, carload volumes were down 1% compared with volumes in Q1 2020, KCS officials said in a press release.
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CSX Corp. announced yesterday it has closed the first phase of a comprehensive $525 million rail agreement with the commonwealth of Virginia.
The transaction is part of Virginia’s previously announced multibillion dollar rail-transportation initiative to improve service and infrastructure in the state.
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