By Mary de Wet


CSX expects export demand for thermal and metallurgical coal to remain strong this year.


On the 2024 coal outlook:

The Jacksonville, Fla.-based railroad said it sees "robust export coal demand across both thermal and metallurgical markets."

CSX said there is an opportunity to temporarily redirect a portion of export coal volumes to other terminal locations after a container ship collided with the Francis Scott Key Bridge in Baltimore, shutting down the port there.

The company estimates the net revenue impact from the Baltimore port closure at $25 million to $30 million per month.

CSX expects a moderation of global coal prices to levels still above pre-pandemic averages.

U.S. coal demand is likely to be affected by ample inventories and low natural gas prices, CSX said.


Write to Mary de Wet at mary.dewet@dowjones.com


(END) Dow Jones Newswires

04-17-24 1712ET