Jacksonville, Florida-based CSX relies on coal shipments for nearly a third of its revenue. In the quarter, coal volumes fell 10 percent. Volumes of shipment of phosphates and fertilizers rose 5 percent.
The fall on thermal coal shipment is due to mines closed by ANR. Should not affect ACI and others. Last year in Nov, it announced 1200 layoffs and mine closure. Those came into affect in Last QT. We might end up having + eps.