Moorman: Putting coal in perspective

There's no question about the importance of coal to the railroads. It has recently accounted for 44% of U.S. Class I railroad tonnage, 24.1% of carloads, and 24.2% of revenue. A mild winter coupled with abundant and cheap natural gas has led to a sharp decline in coal traffic—it was down 16% in the week ended May 10 and coke was down 9%.