(Source: S&P Global Platts, September 4, 2019)
HOUSTON — U.S. railroads are facing roughly $5 billion in lost revenues as utility coal demand declines to roughly half the 2020 level in 2030, according to a report issued Wednesday by Moody’s. BNSF Railway and Union Pacific have the greatest exposure to a decline in thermal coal demand due to their Powder River Basin franchises, while Canadian National and Kansas City Southern have the least exposure.
Full story: www.spglobal.com