Coal Demand Worries For Railroads
Despite the impacts of inclement weather and staggering fuel prices, U.S. Railroads saw strong momentum in the first half of 2011 primarily driven by higher coal volumes. Coal shipments, which accounted for approximately 40% of the total railway shipment, led to positive market sentiments. However, a suggested decline in coal shipments for the second half [...]
Despite the impacts of inclement weather and staggering fuel prices, U.S. Railroads saw strong momentum in the first half of 2011 primarily driven by higher coal volumes. Coal shipments, which accounted for approximately 40% of the total railway shipment, led to positive market sentiments.
However, a suggested decline in coal shipments for the second half of the year by Alpha Natural Resources (NYSE:ANR) and Walter Energy (NYSE:WLT) is having a ripple effect on the rail industry.
The negative market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards