After Poor First Quarter, Arch Warns Layoffs Possible At Wyoming Coal Mines
by Cowboy State Daily
Cowboy State Daily— Arch Resources Inc. reported Thursday its 2024 first quarter performance fell short of expectations as thermal coal demands dipped from its Powder River Basin mines in northeastern Wyoming — with layoffs a possibility. Arch said that operations in the country’s largest coal producing region slipped into the red fiscally in the first quarter, principally due to competitive pressures from cheap natural gas and stockpiling of coal by utilities after a mild winter. Overall, Arch...
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One Green Planet—First Nations Woman Honored with Goldman Environmental Prize for Advocacy Against Coal Mining. Murrawah Johnson played a pivotal role in a landmark legal victory that halted the establishment of a major coal mine in Queensland.
TrainsMag.com—BNSF first quarter earnings decline as coal volume plunges, intermodal traffic soars. FORT WORTH, Texas — BNSF Railway’s first-quarter earnings and revenue declined despite a 7% increase in freight volume. Quarterly operating income declined 7%, to $1.72 billion, as revenue declined 6%, to $5.66 billion, BNSF and its parent company, Berkshire Hathaway, reported on Saturday. The railway’s operating ratio was 69.5%, up 1.1 points from a year []Read More