The logistics sector in Memphis, Tenn., has weathered the downturn better than many industries in 2009, largely because of railroad investment, Eric Smith writes. BNSF Railway completed a $200 million expansion to its Memphis intermodal facility, while Canadian National Railway finished a $100 million renovation of its switching facility. "This gateway is critical to us," said Hunter Harrison, outgoing CEO of CN. "It has tremendous strategic value."

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