Union Pacific RR Substitutes Shale Biz for Declining Coal

Energy & Capital reports that Union Pacific Corp. has done a neat pivot. Coal shipping on the railroad is down, but UP has picked up the slack shipping equipment, sand, chemicals and other items needed for drilling in the Marcellus and other shale plays around the country. Oh, and on the return trip from those destinations, UP hauls crude oil from shale to places like California, Texas and Louisiana for refining.

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