CSX’s Coal team, in collaboration with partners from various CSX departments, won two new contracts to move utility coal in the coming year. Alabama Power and Gulf Power, two plants that are subsidiaries of Southern Company, signed on with CSX in late 2016. Both were previously served by competitors. Scope of the Deal “We…
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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…
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