Coal Export Numbers are UP! But Still Ugly AF.

Coal exports for Q1 '17 were 58% higher than Q1 '16. That's the good news. The bad news is that the base line was pretty damn low. Exports are running FAR below capacity. Total exports were 61 MMst vs. 257 MMst of capacity. Subtract the 1, subtract the 6, carry the one...WHOA, THAT'S FRIKKEN UGLY. 61 MMst is less than the Norfolk Virginia has capacity t…