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Norfolk Southern expects flat Q1'18 in utility coal due to low gas prices

Jan 25, 2018 - SNL Energy Finance Daily

Norfolk Southern Corp. projects that pressure from low natural gas prices will hobble the railroad's growth in utility coal shipments in the first quarter of 2018, though exports are likely to remain relatively strong.

Some analysts have forecast that high oil prices may cause natural gas prices to drop in the coming months. Alan Shaw, executive vice president and chief marketing officer at Norfolk Southern, said in a Jan. 24 earnings call that while gas prices are relatively high for Febr...