Coal news and updates

CSX sees fourth-quarter EPS down slightly due to continued weak coal freight

U.S. railroad CSX Corp (CSX.N) said on Wednesday that its earnings per share for the quarter should be down slightly versus the previous year, primarily due to an expected 20 percent decline in coal freight volumes.

Coal freight across the sector this year has been affected by utilities switching to cheap natural gas and coal exports have been hurt by the strong U.S. dollar.

source: http://www.reuters.com