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What Coal Did to Major US Railroads’ Revenues in Q1 2018

What Coal Did to Major US Railroads’ Revenues in Q1 2018

According to the AAR (Association of American Railroads), coal accounted for 32.2% of originated tonnage for Class I railroads (XTN) in the United States. In the previous year, the share was 31.6%, indicating that coal remains a dominant force among all the commodities hauled by these railroads. The association further revealed that coal’s share of their total operating revenues rose from 13.9% in 2016 to 14.8% in 2017, behind only intermodal revenues. Nearly 70% of the coal consumed by US coal-fired power plants is carried by railroads.