Eastern rails see YOY gains in Q3 coal revenue, while western rails decline

摘要

Railroads serving the eastern U.S. saw better third-quarter results from their coal segments than their western counterparts did, and executives cited the strong export market as a factor. Norfolk Southern Corp.’s coal operating revenue increased 3.3% year over year to $464 million, while CSX Corp. saw a 14% boost in coal revenue to $588 million. Kansas City Southern reported a 23% year-over-year decrease in utility coal revenue to $35.4 million, and Union Pacific Corp. saw a 3% year-overyear decline in third-quarter coal and coke volume. Union Pacific does not provide specific revenue figures for coal. Texas-based BNSF Railway Co., which has shipped the most coal recently among U.S. carriers, saw a 6% year-over-year growth in its coal revenue to $1.1 billion and a 5% year-over-year decline in volume to 502,000 carloads during the third quarter.