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Norfolk Southern Bullish on 2011 Utility Coal Shipments, 2012 Exports
Jul. 27, 2011 10:40AM PST
Industrial MetalsPlatts reported that increased demand for coal and electricity are expected to cause Norfolk Southern’s (NYSE:NSC) coal shipments to increase.
Platts reported that increased demand for coal and electricity are expected to cause Norfolk Southern’s (NYSE:NSC) coal shipments to increase.
The market news is quoted as saying:
Shipments bound for seaborne markets drove coal growth for the Norfolk, Virginia-based railroad during the three months ending June 30, rising 24% compared with the same period a year earlier to 7.94 million st.
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