(Source: MarketWatch, October 22, 2012)
SAN FRANCISCO — Hauling coal to the nation’s power plants for the nation’s railroads. So when volumes tumble in the face of an oversupplied market, what takes its place? Apparently shale or, more specifically, what can be squeezed out of it.
According to Union Pacific Corp., the booming shale-oil industry is helping it offset a 12% drop in volume and 5% drop in revenue from coal shipments.
Full story: www.marketwatch.com