Midwest flooding may affect utility coal shipments, stockpiles for months

(Source: S&P Global Platts, May 15, 2019) 

HOUSTON — Utilities could feel the impact of flooding in the Midwestern US for months to come, railroad and coal sector representatives said on May 15. Powder River Basin coal shipments were hit the hardest by the combination of cold winter weather early in the first quarter followed by strong rain in mid-March, resulting in flooding which reached levels that railroad representatives said they had never previously seen.

Full story: S&P Global Platts

Friday, May 17, 2019