The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
In a 3-2 vote, the Surface Transportation Board denied BNSF’s request to halt an order compelling the railway to ship 1 million more tons of Montana coal should it reach the capacity to do so.
BNSF wants a court to throw out an order from the Surface Transportation Board that BNSF ship more export coal on behalf of Navajo Transitional Energy Co.
Navajo Transitional Energy Co. is asking the Surface Transportation Board to declare an emergency service order that would compel BNSF to ship more export coal from the company.
The letter sent by the National Grain and Feed Association to regulators about subpar rail service is finding support among other rail industry stakeholders.
The cause of the explosion is under investigation. No injuries occurred as a result of the incident, CSX said.
Containerized exports continue to struggle but overall, U.S. exports are rising. Sales are at record levels for some commodities.
Good news for dry bulk shipping stocks, bad news for decarbonization: The global coal trade is thriving.
Warning sign for tanker investors as US crude exports begin to reverse course.
The mayor and city council of Richmond, California, have voted phase out and prohibit the storage and handling of coal and petroleum coke in the city.
Rod Sims, the chairman of the Australian Competition and Consumer Commission, has barked at the many monopolists inhabiting Australia, including the world’s biggest coal export port, the Port of Newcastle.
Market expert Jim Blaze writes about the movement of coal by rail. He explores the history of rail-coal; more importantly, he writes about what the future may hold for coal in the U.S. and how that will impact the railroads.
U.S. coal export volumes are down 12.7 percent in the first four months of this year and the outlook looks even worse for 2020.
One of North Korea’s largest coal-hauling vessels has been taken out of service by U.S. authorities in the first-ever cargo ship seizure related to sanctions violations by Pyongyang. The vessel Wise Honest, a 30-year old, 17,000-ton bulk carrier, was used to ship coal to China and Indonesia in exchange for delivering cargoes of heavy mining […]
A surge in hydro-power, cleaner air in the Capital and a need to further stimulate the economy will see increased demand for seaborne coal supplies to China this winter. That is good news for freight.
For the first half of the year thus far, coal exports are up nearly 24% over the same period last year.
Rhode Island begins tolling trucks today; SCOTUS rejects review request by JB Hunt on California case; Rolls-Royce engine problems spread; transportation companies fret over tariffs; Waymo to buy up to 62,000 Chrysler Pacificas.
New truck orders in May have doubled YOY; Navistar takes $50M in profits in Q2; the Permian Basin is out of workers; coal export volumes by rail are better than expected; air freight rates up 22% YOY; housing prices expected to outstrip inflation and wage growth.
