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CSX CEO says it will buy no more cars or locomotives for dying coal transport
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<p>I think Mr. Harrison has to take position. For CSX it is not a political but an economical decision. And he doesn't bail out he just doesn't invest in new equipment for coal transport anymore.</p> <p>From my outside view not regulations kill coal but economics. With an abundance of cheap gas why burn coal for power?</p> <p>And emission regulations are necessary . How far they have to go is another question. <br />Regards, Volker</p>
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