NS: Intermodal up, coal down in 2013 - Beckley, Bluefield & Lewisburg News, Weather, Sports

NS: Intermodal up, coal down in 2013

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  • Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Wednesday, July 30 2014 10:13 PM EDT2014-07-31 02:13:55 GMT
    Car rolled multiple times on I-77 North in Raleigh County.Car rolled multiple times on I-77 North in Raleigh County.
    In Raleigh County, a woman is miraculously not seriously injured, after her car rolls over on I-77 around 6:30 Wednesday night.An eyewitness tells us the woman was driving in the left lane on the northbound side. She suddenly veered off the road, over corrected,then slammed into the side of a tractor trailer. The car rolled multiple times before coming to a stop on it's roof.The witness says two small dogs ran out of the car. Moments later, the woman crawled out and ran after one of the dogs....
    In Raleigh County, a woman is miraculously not seriously injured, after her car rolls over on I-77 around 6:30 Wednesday night.An eyewitness tells us the woman was driving in the left lane on the northbound side. She suddenly veered off the road, over corrected,then slammed into the side of a tractor trailer. The car rolled multiple times before coming to a stop on it's roof.The witness says two small dogs ran out of the car. Moments later, the woman crawled out and ran after one of the dogs....
  • Environmentalists talk about Mountain Top Removal as Coal Miners Protest in Pittsburgh

    Environmentalists talk about Mountain Top Removal as Coal Miners Protest in Pittsburgh

    Thursday, July 31 2014 3:40 PM EDT2014-07-31 19:40:04 GMT
    As hundreds of coal miners protest in Pittsburgh over the hearing on E-P-A regulations, 59News talks to an Environmental group to get both sides of the controversy."Coal River Mountain Watch" is a non-profit organization organization, out of Whitesville, Raleigh County.The organizations mission is to stop the destruction of our communities and environment by mountain top removal mining, to improve the quality of life in our area and to help rebuild sustainable communities.Mike Roselle a membe...
    As hundreds of coal miners protest in Pittsburgh over the hearing on E-P-A regulations, 59News talks to an Environmental group to get both sides of the controversy."Coal River Mountain Watch" is a non-profit organization organization, out of Whitesville, Raleigh County.The organizations mission is to stop the destruction of our communities and environment by mountain top removal mining, to improve the quality of life in our area and to help rebuild sustainable communities.Mike Roselle a membe...
  • Suspect in custody in connection with Montcalm shooting

    Suspect in custody in connection with Montcalm shooting

    Thursday, July 31 2014 2:48 PM EDT2014-07-31 18:48:29 GMT
    Deputies are on the scene of a shooting that happened at around 9:46 a.m. on Thursday, July 31, 2014.  The incident happened in the Methodist Hill area of Montcalm in Mercer County.
    Deputies are on the scene of a shooting that happened at around 9:46 a.m. on Thursday, July 31, 2014.  The incident happened in the Methodist Hill area of Montcalm in Mercer County.

Cargo shipments on the Heartland Corridor were up 9 percent in the fourth quarter and 16 percent year-over-year for 2014, Norfolk Southern executives said Jan. 22.

The corridor runs from the ocean port at Norfolk to Chicago. The railroad does not have terminals in southern West Virginia to take advantage of the growth on the corridor, but one should open at the Wayne County community of Prichard in the next year or so.

Also growing on the Norfolk Southern system are shipments of natural gas liquids and sand used in hydraulic fracturing, company executives said in a conference call with analysts following the announcement of fourth-quarter and year-end financial results.

For the quarter, Norfolk Southern reported record net income of $513 million. The company also reported record net income for the year at $9 billion, up 9 percent from 2012.

While coal shipments to northern utilities were up 1 percent in the fourth quarter, they were down by 18 percent to southern utilities, where stockpiles are high and competition from natural gas cuts into the market, according to Donald W. Seale, executive vice president and chief marketing officer.

Seale said he expects growth in demand for electricity in the South to be sluggish this year.

"Our best estimate is that normalization of stockpiles will take most of the first half (and) into the third quarter," he said. Northern utility stockpiles are at normal levels, Seale said.

When demand does return, the market will likely move away from coal mined in the Central Appalachian region, which includes southern West Virginia, and toward the Illinois Basin and Northern Appalachia, which includes Northern West Virginia, Seale said.

Central Appalachia coal will be at a cost disadvantage "just from a cost of production perspective," Seale said.

But Northern Appalachia and Illinois are farther from Southern utilities than Central Appalachia is, so that will mean longer hauls and higher revenue per unit for the railroad, depending on how much coal the utilities buy from those two regions, he said.

As for exports, "we don't expect our export market to be as strong in '14 as it was in '13," Seale said.

Norfolk Southern's coal revenues were $641 million, 2 percent lower compared with the fourth quarter of 2012, the result of an 8 percent decline in volumes, the company said in its earnings release. For the year, coal revenues totaled $2.5 billion, compared with $2.9 billion in 2012 and $3.5 billion in 2011.