Norfolk Southern Halts Coal Shipments at Virginia Terminal
Norfolk Southern Corp. (NSC), the second- largest U.S. eastern railroad, stopped coal exports at its Lamberts Point Terminal in Norfolk, Virginia, because of Hurricane Sandy.
The company halted operations yesterday at 6 a.m. local time as the storm moved toward the U.S. East Coast. Lamberts Point has capacity to ship 36 million tons of coal annually, Robin Chapman, a company spokesman, said today in a telephone interview.
Norfolk Southern serves mines from Illinois to Pennsylvania and the port typically operates 24 hours, seven days a week, according to the company’s website.
CSX Corp. (CSX), the largest eastern U.S. railroad, said in a statement that it closed its networks from Richmond, Virginia, to Albany, New York because of Sandy.
Gary Sease, a company spokesman in Jacksonville, Florida, declined to comment on shipments of specific commodities, including coal.
Coal on the New York Mercantile Exchange fell 7 cents to $59.20 a ton on Oct. 26. Prices have dropped 15 percent this year.
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