Peabody Coal

[MVW]

As much as I enjoy political debates, I'm glad this is a relatively safe haven, in that regard. I'd rather talk trains here. I can bitch about the other stuff elsewhere

I debated with myself before making the previous post, nearly scrubbed it, but went ahead because it didn't seem particularly partisan. At the same time, I completely understand the desire to keep discussions focused on the one thing we all have in common. (Like an appreciation for Rapido's meat reefers.  )

Jim

[Robbman]

Some days I wish we could talk politics here. Hey maybe we COULD find the solution!

There is only one solution... drink beer, watch trains, have fun with friends.

[C855B]

Here you go:

http://www.stltoday.com/business/local/peabody-world-s-top-private-coal-miner-files-for-bankruptcy/article_e8155c17-3d7c-5f5d-89b8-d15daed5e415.html

[Blazeman]

In that line of thought:

BTU’s mines are all in the western U.S., UP is the rail with the most direct exposure. Estimate BTU accounted for about 38% of UP’s coal vols in 2015. But note that rail coal contracts are with utilities and not coal producers. This limits risk for UP .

And a notable threshold/trend:

. For the 1st time, CSX reported more intermodal than coal rev. Coal projected to account for 14% of total rev. this year and intermodal to account for 16%. Just 5 years ago, coal accounted for 32% of total rev. and intermodal 12%.  Coal still more profitable
 

[oakcreekco]

Here's the latest for the Craig Branch operation:

http://www.steamboattoday.com/news/2016/apr/13/peabody-operations-twentymile-mine-anticipated-con/