WASHINGTON, Feb. 25 (UPI) -- U.S. utility company stockpiles of coal reached a near-record in November 2007, "sufficient to keep electricity flowing," a report released Monday said.
"Railroads, coal companies and electric utilities have cooperated all year to make sure that coal supplies would be sufficient to keep electricity flowing in all kinds of weather," said Edward R. Hamberger, Association of American Railroads chief executive officer.
Coal exports are also "booming" the report said, reaching almost 60 million tons in 2007, "the most in nine years."
Hamberger said railroads have spent "billions" to increase their capacity for carrying coal and the industry expects expansions to continue.
The demand for rail freight service could double by 2035, the report said.
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WASHINGTON, Nov. 12 (UPI) --
U.S. President Barack Obama emerged as the world's most powerful man in Forbes magazine's assessment of the world's most powerful people released Thursday.
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NEW YORK, Nov. 12 (UPI) --
U.S. tennis great Andre Agassi bid farewell Wednesday night on "Late Show with David Letterman" to the mullet-style hairpiece he used to wear.
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NEW YORK, Nov. 12 (UPI) --
Crude oil prices fell Thursday on the New York Mercantile Exchange to under $79 per barrel, despite the dollar's trend towards weakness.
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