Why Norfolk Southern's ARPU Could Continue To Decline

The price of metallurgical coal is likely to decline to its six year low in the second quarter of the year as Australian coal producers have agreed to sell met coal at $109.5 per metric ton to Japanese steel mills in the second quarter, compared to $117 in the first quarter. This will likely keep U.S. met coal producers at bay. Norfolk Southern's intermodal ARPU could benefit from the pricing power that the railroad industry has gained as a result of tightening trucking capacity. However, this c...