Coal production, loadings down in first quarter - Beckley, Bluefield & Lewisburg News, Weather, Sports

Coal production, loadings down in first quarter

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    Wednesday, July 30 2014 10:13 PM EDT2014-07-31 02:13:55 GMT
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    Thursday, July 31 2014 1:06 AM EDT2014-07-31 05:06:28 GMT
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  • Flag cut down at Raleigh County Public Library in Beckley

    Flag cut down at Raleigh County Public Library in Beckley

    Wednesday, July 30 2014 8:46 PM EDT2014-07-31 00:46:27 GMT
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     The incident happened at midnight between Sunday, July 27 and Monday, July 28. Officials with the library said that a person stood outside the library a made sure that no one was inside at the time.

As coal mining companies and coal hauling companies prepare to release their financial results for the first quarter, one thing is clear: Both industries are down this year.

According to figures released by the Energy Information Administration, West Virginia's coal production was down about 6 percent in the first quarter compared with last year. Overall, Appalachian production was down 7.2 percent.

The state's two major railroads have reported reduced shipments in the first quarter. CSX says its carloads were down 16.3 percent in the first quarter compared to 2012, and they were down about 25 percent from two years ago.

Norfolk Southern's numbers are less dramatic, with a drop in carloads of 1.8 percent compared with 2012 and 15.4 percent compared with 2011.

CSX will release its first quarter financial results on April 17. Norfolk Southern releases its results on April 23.

For the 52-week period that ended March 30, West Virginia production was down about 10.2 percent, according to the EIA. Kentucky's production fell 17.9 percent, Pennsylvania's 7.2 percent, Virginia's 15.5 percent and overall Appalachian production declined 12.4 percent.