coal

A Liebherr mining truck at dusk at Peabody's North Antelope Rochelle Mine in the Powder River Basin of Wyoming (photo via Peabody).  It Turns Out The World Still Needs Coal Readers may remember President Biden ran on shutting down coal mining as part of his overall campaign...

A 34% increase in operating revenue, including gains for coal and intermodal, boosted Norfolk Southern's net profit for the second quarter of 2021. NS (NYSE: NSC) reported record second-quarter 2021 net income of $819 million, or $3.28 per diluted share, compared with $392 million, or $1.53 per...

German automaker Volkswagen Group’s (OTC: VWAGY) CEO Herbert Diess on Tuesday berated the Group of Seven nations for failing to set an end-date for phasing out coal and called for more action to reach the 2030 climate goal to reduce greenhouse gas emissions to at least 55%...

U.S. energy consumption of power generated from renewables could outpace consumption from coal in 2020, according to data released last month from the U.S. Energy Information Administration (EIA). Renewable energy's growing share comes as U.S. coal carloads dropped by nearly a quarter last year,...

The Past Week, In A Nutshell What Happened: Last week ended negative with mega-cap and technology stocks regaining strength into week-end. Remember This: “Markets had embedded substantial optimism in early September, with the valuation of the S&P 500 at the highest level in 20 years and...

Systemic declines for coal plus a sluggish energy market contributed to an almost 18% decline in U.S. carloads in July, according to the Association of American Railroads (AAR). U.S. carload volumes in July totaled 1.04 million, down 17.6% from July 2019, while intermodal volumes slipped 1.4% to...

New York Comptroller Scott Stringer, representing NYC pension funds, has asked Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) and two other major insurance companies to divest from the coal industry. What Happened Stringer released a statement last week calling for the need to protect clients...

Image by Johannes Plenio from Pixabay

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. There is a great deal of passion about coal as a railroad commodity Some suggest that the railroads have been in denial about coal's decline as a business sector...

The mayor and City Council of Richmond, California, have voted to phase out and prohibit the storage and handling of coal and petroleum coke (petcoke) in the city. The city said that it has been receiving increased complaints about dust from coal and petcoke, which are loaded aboard ships at a...

U.S. rail traffic in 2019 tumbled 5% compared with 2018 as trade uncertainty and sluggishness in the industrial economy weighed down rail volumes. A significant drop in U.S. coal volumes also contributed to the decrease. U.S. railroads originated nearly 26.7 million carloads and intermodal units...

Nearly four out of every five coal plants in the EU are running at a loss, research published by London-based think tank Carbon Tracker on Thursday suggested. What Happened The research has estimated that 84% of lignite and 76% of hard coal generators in the union are running at a loss. According...

Coal production in the Powder River Basin (PRB) could decline significantly in 2020, but by how much remains to be seen, according to a report by Moody's Investors Services. Moody's October 16 report, "Powder River Basin remains distressed; ESG [environmental, social and governance] factors weigh...

Rod Sims, the chairman of the Australian Competition and Consumer Commission, has barked at the many monopolists inhabiting Australia, including the world's biggest coal export port, the Port of Newcastle. Describing the current environment as a "tussle" between Australia's regulatory framework...

You wouldn't think investors would race to commit tens of billions more in cash to build even more liquefied natural gas (LNG) export terminals across the globe when the price of the commodity had sunk to extreme lows. But they are. Massive LNG export investments continue to pile up at...