CSX, Norfolk Southern Report Coal Loadings Down in 2013
The State Journal
31 December 2013
By Jim Ross
The two major railroads serving West Virginia both reported drops
in coal shipments for the 52-week period that ended Dec. 28, but
they are showing growth in petroleum and intermodal traffic.
Norfolk Southern reported hauling 1,298,177 carloads in the
period, down about 3.7 percent from 1,348,695 in 2012.
CSX reported a sharper drop. Its coal traffic as measured by
carloads was down about 7.9 percent, from 1,187,587 in 2012 to
1094,252 in 2013.
CSX reported hauling 1,773,191 carloads in 2008, making a 38
percent drop in the five-year period.
However, CSX's total traffic in the 52 weeks was up 2 percent in
2013 over 2012. Much of the growth was in petroleum products,
which showed a 53 percent increase, and in container traffic,
which grew by 6.1 percent. And while coal shipments were down,
coke shipments grew 20.2 percent.
Norfolk Southern reported 54 percent growth in petroleum product
shipments and 6.7 percent growth in container shipments, but coke
shipments were down about 12 percent. Its total car loadings were
up 3.3 percent.
CSX has announced it will release its fourth-quarter and year-end
financial report after markets close on Jan. 15. Its executives
will have their conference call with investment analysts the next
morning. Norfolk Southern has not announced its release date,
although it often is a week later than CSX's.