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Coal shipments on CSX aimed more at export markets

By Jim Ross, The Herald-Dispatch

HUNTINGTON, W.Va. — For the first time ever, CSX moved more coal for export markets last year than it did for domestic markets. And things don’t look to get better this year, CSX executives said on their quarterly conference call Thursday evening.

“Export coal decreased primarily due to reduced production, including planned and unplanned outages at customer facilities. Domestic coal decreased primarily due to lower shipments of coal to utility plants, as well as lower thermal shipments to river terminals,” CSX said in the financial statement it issued with its quarterly earnings report.

For the fourth quarter of 2024, CSX reported net income of $733 million, down 17% from $882 million in the fourth quarter of 2023. For the full year 2024, CSX earned $3.47 billion, down 5% from $3.668 billion in 2023.

Read more: https://www.herald-dispatch.com/business/coal-shipments-on-csx-aimed-more-at-export-markets/article_8ba9eb76-da83-11ef-b15c-f78ad252de43.html

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