Platts reported that Union Pacific (NYSE:UNP) is looking at exporting coal through Mexico to supplement shrinking US volumes.

As quoted in the market news:

Union Pacific’s energy volumes dropped 8.0% in the first quarter year-on-year to 495,000 carloads as more utilities switched from Powder River Basin coal to natural gas. CFO Rob Knight said energy volume percentage would likely drop “in the low-to-mid-teens” during the second quarter.

Click here to read the full Platts report.