Low natgas prices, high stockpiles weighon US railroad coal volumes: executives

摘要

With myriad headwinds driving down coal shipmentsthis year, officials with Class 1 US railroads painteda dim picture of their coal business Wednesday whilespeaking at the Cowen and Company 8th Annual GlobalTransportation Conference in Boston.In presentations broadcast online, officials with CSX,Northern Southern, Union Pacific, Kansas City Southern andGenesee & Wyoming sited low natural gas prices, mild summerweather and high utility stockpiles as the primary causesfor a drop in demand.