In fact, volumes in CSX’s coal segment were down by 21% on a year-over-year basis, which led to a massive drop in revenue from this segment. More specifically, CSX’s coal revenue, which accounted for 17% of its overall revenue last quarter, fell 20% year-over-year to $467 million last quarter. This is a trend that we…
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The Central Appalachian region has been the heart of coal country for as long as anyone can remember. But in recent years, Kentucky and West Virginia’s coal industries have been facing a painful decline — and that decline is starting to get widespread attention. The House Energy and Commerce Committee held a big hearing in late…
Read MoreCHARLESTON, W.Va. — U.S. Senator Joe Manchin told MetroNews Sunday afternoon Hillary Clinton still has his support for president despite how former President Bill Clinton, Gov. Earl Ray Tomblin and Manchin himself were received in Logan County Sunday. “I’ve always had their (Bill and Hillary Clinton) ear. I’ve worked with them for 25 years. They’ve always been…
Read MoreTotal carloads for the week ending April 23 were 230,599 carloads, down 17.1% compared with the same week in 2015, while U.S. weekly intermodal volume was 261,347 containers and trailers, down 6.3% compared to 2015. Three of the 10 carload commodity groups posted an increase compared with the same week in 2015. They…
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