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Three major rail operators have struck a deal that will see a new freight corridor link Mexico, Texas and the US south east, as near-shoring drives capacity demand.

The agreement will see newly merged Canadian Pacific Kansas City Southern (CPKC) and CSX acquire and operate portions of Genesee & Wyoming-owned Meridian & Bigbee Railroad (MNBR) for a direct interchange connection in Alabama.

CPKC CEO Keith Creel said: “This new east-west connection takes advantage of each railway’s routes and services and can extend ...

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