(Source: S&P Global Platts, February 24, 2020)
HOUSTON — BNSF Railway saw a decrease in coal volumes and revenue in 2019, primarily as the result of lower natural gas prices and adverse weather conditions, the company reported Monday. The Fort Worth, Texas-based railroad reported coal volumes of 1.8 million carloads, down 5% from 1.9 million carloads in 2018, according to its fourth-quarter earnings report filed Monday with the US Securities and Exchange Commission. It was the lowest annual coal volume in over 11 years.
Full story: S&P Global Platts