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Railroad Stocks Lead Rally Among Transports

Stocks rallied across the board in Monday afternoon trading, with railroad stocks leading the way in the transportation sector.

Shares of all six publicly-traded standalone Class I railroads that operate in the United States were higher, with shares of Kansas City Southern KSU making the biggest jump. Shares of the smallest Class 1 railroad by miles of track were up roughly 4.2% to $91.67.

Railroads are accorded Class 1 status by the United States Department of Transportation if they...