Railroad revenue rising, but trucking companies aren’t doing as well

Mike

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Railroads and truckers move freight that fuel the nation’s economy, but in the face of an economic slowdown, railroads are doing well while trucking companies are in a skid.

That was evidenced by earnings announcements of two prominent area transportation companies Thursday, Kansas City Southern and YRC Worldwide Inc.

Kansas City Southern beat investor expectations in its third quarter, showing sharp increases in both its earnings and revenues. The company’s stock was up 68 cents in trading Thursday, closing at $37.24 a share.

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