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Massive production cutback across US basins continues; coal carloads fall 37.8%

TotalU.S. coal rail deliveries for the week ended March 26 plunged 37.8% to 66,281carloads compared with the same week in 2015, according to data from theAssociation of American Railroads.

Totalrail traffic for the week was 470,271 carloads and intermodal units, 16.5% downcompared to the same week in 2015. During the week, 232,348 carloads weretransported, tumbling 18.5% from the prior year's delivery. U.S. weeklyintermodal volume was 237,923 containers and trailers, a 14.5% weakeningcompared to the year-ago week.

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's shipmentswere reported at 25,950 coal carloads in the week ended March 26, down fromlast week's 26,450 carloads and slumped 40.6% from last year's weekly delivery.

data showedthat the company transported 16,362 carloads, a modest increase from last week's15,074 carloads and represented a 40.6% falloff from the same week of 2015.

Easternrailroad CSX Transportation Inc.moved 14,445 coal carloads for the week, marginally down from the prior week's15,009 carloads and fell 32.7% behind from the comparable period of last year.

delivered16,529 coal carloads, rising from the previous week's 15,464 carloads, butrepresented a 29.7% downturn from last year's weekly shipment.

Datafrom Kansas City Southern RailwayCo. showed that total weekly coal carloads were at 1,334, down from1,860 carloads last week. The railroad serves 10 U.S. states and Mexico.

Year-to-date coal outputplunges 31%

Accordingto data from the U.S. Energy Information Administration, estimated U.S. coalproduction for the week ended March 26 showed an apparent plunge of roughly37.8% to nearly 11.6 million tons, compared to the previous year's 18.6 milliontons.

Forthe 52 weeks ended March 26, production was reported at approximately 820.0million tons, a 17.4% reduction from last year's output, the EIA data showed.Year-to-date coal production is down almost 31% at 157.3 million tons throughMarch 26.

TheWestern region's coal production for the week reached 6.6 million tons, a 35.9%plunge from the previous year's almost 10.3 million tons. Data for the Westernregion covers Powder River Basin mines.

Coalproduction from Appalachian mines for the week showed a 41.8% decline year overyear to 2.8 million tons, compared with nearly 4.8 million tons in 2015.

Forthe Interior region, weekly total coal production was 2.2 million tons, falling37.7% from 3.5 million tons a year ago. Interior region data covers mines inthe Illinois Basin.

TheEIA's production data is derived from rail carload estimates.

Data collected by S&PGlobal Market Intelligence from railroads indicate both cars originated ontheir lines during the week and cars received from a connecting railroad duringthe same week.