Rail congestion expected to plague Powder River Basin coal into late 2014
(Source: Star Tribune, May 21, 2014)
CASPER, Wyo. — Wyoming coal shipments were slowed by congested rail lines in the first quarter of 2014, dragging down mining firms' profit margins and leaving three of the four major companies working in the Powder River Basin in the red through the first three months of the year. The trend is expected to continue into the latter half of 2014, even as utilities clamor to replace the coal stockpiles burned off during one of the coldest winters in recent memory.
Full story: Star Tribune
Thursday, May 22, 2014
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