10/04 – Kansas City Southern´s joint venture with Norfolk Southern Corp. to increase rail shipments from Mexico has won U.S. approval.
The U.S. Surface Transportation Board concluded an environmental review, making the approval effective Monday, the two companies said in a statement. Kansas City Southern will contribute its 320-mile rail line between Meridian, Miss., and Shreveport, La., and Norfolk Southern will invest $300 million, largely to fund capacity increases, the companies said.
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