While the amount of coal CSX transported to domestic customers overall grew in the second quarter of 2019, any revenue growth was offset by declines in export and utility shipments, executives reported Tuesday on the company’s Q2 earnings call. “Export coal has been below our expectations, mostly driven by thermal and lower API2 benchmarks, which we think will likely continue into the second half of the year,” Mark Wallace, head of sales, said. “On the domestic utility side, our volumes are down relative to our expectations driven by continued lower natural gas prices.”
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