(Source: S&P Global Platts, October 17, 2019)
HOUSTON — Union Pacific’s coal and coke transportation volumes fell 17% year on year in the third quarter of 2019, driven by soft market conditions, contract changes, retirements and lower natural gas prices, the railroad said Thursday. The Omaha, Nebraska-based company said its coal carloads totaled 263,900 in Q3, down 17% from 319,200 in the year-ago quarter, but up 10.5% from 238,800 in the second quarter of 2019.
Full story: S&P Global Platts