CSX’s projected 40 percent gain this year in deliveries of fracking sand used for natural gas drilling may blunt a decline in coal shipments, the biggest commodity business for North American railroads.
Shipments matching the forecast would be the second annual gain of that magnitude for CSX, which is hauling fewer coal carloads as some utilities switch fuel sources to take advantage of a 60 percent slide in natural gas prices since early 2010.
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