Coal Weighs on Buffett’s Most-Watched Index: Chart of the Day
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The biggest component of Warren Buffett’s most-watched index is falling, and the decline may depress first-half earnings at U.S. railroads.
Buffett follows a gauge of freight-train traffic that’s compiled by the Association of American Railroads, as he told ABC News in a 2009 interview. This indicator tracks the number of carloads, and coal accounts for a bigger percentage of the shipments than any other category.