Coal news and updates

Weekly US coal carload originations totaled 64,102 in the week ended March 13, down 2.3% from the previous week, but up 15.8% from the corresponding year-ago week, Association of American Railroads data said March 17.

 

It was the second consecutive year-on-year increase in carloads in 51 weeks. The five-year average for week 10 is 71,110 originations, leaving the most recent week at a 9.9% deficit. Through the 10 week period, originations are down 8% from a year ago.

Canadian coal carload originations totaled 7,449, up 9.9% week on week, but down 6.4% from the year-ago week. Through the year so far, originations were up 13.6% year on year.

 

Coal carloads from the four major Class I railroads were 68,468, up 16.3% from the year-ago period. Over 10 weeks, carloads totaled 635,331, down 8%.

 

BNSF and Norfolk Southern carloads were the only rails to have week-on-week increases, up 3% and 9%, respectively.

 

BNSF had 29,316 coal carloads, while NS shipped 13,798 carloads. The two railroads also jumped the most year on year, with BNSF rising 25.6% and NS 35.7%.

 

CSX coal carloads totaled 12,454, down 9.6% from the week before but up 5.4% from the year-ago week.

 

Union Pacific carloads, totaling 12,900, dropped both from the week before and the year-ago week by 12.6% and 5.9%, respectively.

 

Source : https://www.spglobal.com/platts/en/market-insights/latest-news/coal