Yes rail shipments for coal down for 2012 but a projeted increase for 2013
Last year was not a good year that is why this sector is in the dumster.
I own CSX and based on it's performance since November. CSX has projections of 10% to 30% 2013 increases in coal shipments to ports. China has diverted new coal and coke rail cars to the US from Eurone for their economic expansion. I too read that a turnaround for the US coal industry.
Just finished adding another 10K shares at 7.22.
Long and strong again, I am a day/momentum trader and heep hold a bit mor for my core holdings.
They are ready to build 5 coal export terminals in the northwest...The world wants our coal...Prices and shipments will only go UP in the coming years...Buy and hold and write options. Don't worry about day to day stuff...