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

(END) Dow Jones Newswires

04-17-24 1712ET