Hmmm, really?

Isn't it really free market competition, from natural gas that is 2/3's cheaper, from fracking, that has made coal uncompetitive for electric generation in most of the country.....

Or, are you one of these communist's who you favor the government preventing a free market for energy, by using state communist government intervention, to force electric utilities to buy coal, regardless of cost or cheaper alternatives, and to pass those excess costs onto us consumers, if Coal companies are willing to pay our elected officials a sufficient bribe?

GE's current management was offering lame excuses for poor performance tonight on the Nightly Business Report, that sounded an awful lot like Agee's lame excuses, when he wrecked Morrison Knudsen.

Demand for locomotives is flat right now, and has been for a couple of years, due to a big buildup in new locomotive fleets over he last 20 years, that aren't warn out, and are actually cheaper to rebuild.

In fact one of the findings from the decline in RR coal traffic is that it was more expensive to haul (wear and tear on track and equipment/and low speed trains tying up capacity and reducing velocity), and thus was much less profitable to haul than had been the "conventional wisdom". Which is why most major RR's, except possibly for Mr. Harrison's, seem to be doing quite well financially, over the last five years, with more containers and mixed freight growth, and much less coal.