Foundation Coal put together a strong third quarter, taking advantage of strong coal markets and higher shipment volumes. The company made 46 cents/share, turning around a 13-cent Q3 2004 loss. "Volume and pricing tell the story this quarter, as we have managed through transportation disruptions, weather-related events, and vacation periods to produce and ship more coal at significantly higher realizations than we did during the same period last year," James F. Roberts, president and CEO, said. The Powder River Basin railroads have taken a beating, but they get to take a little bow, based on Foundation's performance. Third quarter shipments from the PRB were at a record level of 11.5 million tons as rail performance "improved significantly" despite ongoing maintenance, the producer said.
展开▼
