TotalU.S. coal rail deliveries for the week ended April 2 plunged 39.2% to 62,256carloads compared with the same week in 2015, according to data from theAssociation of American Railroads.
Totalrail traffic for the week was 491,979 carloads and intermodal units, sliding10.4% compared to the same week in 2015. During the week, 238,138 carloads weretransported, tumbling 14.3% from the prior year's delivery. U.S. weeklyintermodal volume was 253,841 containers and trailers, a 6.4% drop compared tothe year-ago week.
"Railroadsare still looking for the light at the end of the tunnel, and for somecommodities, including coal and other energy-related products, it's just notthere yet," AAR Senior Vice President of Policy and Economics John Gray saidin a news release.
's shipmentswere reported at 25,636 coal carloads in the week ended April 2, a drop fromlast week's 25,950 carloads and down of 43.9% from last year's weekly delivery.
data showedthat the company transported 13,709 carloads, down from last week's 16,362carloads and a 43.2% plunge from the same week of 2015.
Easternrailroad CSX Transportation Inc.moved 15,967 coal carloads for the week, up from the prior week's 14,445carloads and down 27.8% behind from the comparable period of last year.
delivered14,191 coal carloads, down from the previous week's 16,529 carloads, and 37%from last year's weekly shipment.
Datafrom Kansas City Southern RailwayCo. showed that total weekly coal carloads were at 786, down from1,334 carloads last week. The railroad serves 10 U.S. states and Mexico.
Year-to-date coal productioncutback at 31.5%
Accordingto data from the U.S. Energy Information Administration, estimated U.S. coalproduction for the week ended April 2 showed a substantial fall ofapproximately 37.9% to about 11.0 million tons, compared to the previous year'salmost 17.7 million tons.
Forthe 52 weeks ended April 2, production was reported at roughly 813.8 milliontons, a 17.9% reduction from last year's output, the EIA data showed.Year-to-date coal production represented a 31.5% decline at 168.3 million tonsthrough April 2.
TheWestern region's coal production for the week reached 6.3 million tons, goingdown by 35.9% from the previous year's almost 9.8 million tons. Data for theWestern region covers Powder River Basin mines.
Coalproduction from Appalachian mines for the week showed a massive 41.8% drop yearover year to 2.7 million tons, compared with nearly 4.6 million tons in 2015.
Forthe Interior region, weekly total coal production was 2.0 million tons,dwindling 38.7% from 3.3 million tons a year ago. Interior region data coversmines in the 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.