Shifting Domestic Energy Sector Brings Changes to U.S. Rail and Intermodal Transport
Posted on February 15, 2012 at 04:11 AM EST
SUGAR LAND--February 15, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--As domestic thermal coal markets soften, rail and intermodal transportation companies are beginning to ship different products and are focusing on the increasingly strengthening coal export markets. At this week's Stifel Nicolaus Transportation and Logistics Conference held in Key Biscayne, Florida, executives from some of the United States' key transportation companies spoke about what's changing in the U.S. rail and intermodal transport sectors. Executives from Union Pacific Corporation (NYSE:UNP) (Omaha, Nebraska), Lhttp://financialmarkets.industrialinfo.com/industrialinfo./quote?Symbol=csxCSX Corporation (NYSE:CSX) (Jacksonville, Florida) and Norfolk Southern Corporation (NYSE:NSC) (Norfolk, Virginia) all stated that their companies would see growth, generally outpacing growth of the overall economy in 2012. However, all of the executives pointed out that such growth would happen in the midst of a continued decline in domestic coal shipments.
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