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Wednesday, Jul 18
2012, 11:37 AM
A protracted slump in coal demand could continue to hit results for railroad companies as power...
A protracted slump in coal demand could continue to hit results for railroad companies as power plants increasingly shift to natural gas in the U.S. A warm winter already left stockpiles high before low natural gas prices reinforced the trend away from coal. In the line of fire: CSX (CSX -0.1%), Kansas City Southern (KSU -0.5%), Union Pacific (UNP +0.3%), Norfolk Southern (NSC -0.1%) - and to a lesser degree Berkshire Hathaway (BRK.A, BRK.A) with its Burlington Northern holding.