Railroad sees promise in coal shipments this year
Jan 29, 2009 | 04:42 AM
| Corinna Petry
This year promises opportunities for Norfolk Southern Corp., a railroad that derives about a third of its revenue from coal shipments, but it could be an uphill climb, according to Donald W. Seale, executive vice president and chief marketing officer.
"The prospects for export coal, while less than 2008, continue to offer promise. Lamberts Point (Va.) tonnage handled in January exceeds the tonnage handled in each of November and December," he said. "We see continued opportunity in this market as steel inventories worldwide have diminished and high-quality U.S. met coal remains in....
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