US railroad company CSX Corp raised its estimate for export coal shipments to a new record.

The company also told analysts on a conference call that it expects to increase average headcount by about 4% this year to support growing demand as well as maintenance needs.

CSX, the second largest publicly held US railroad operator, raised its forecast for coal to be moved for export to between a record 42 million and 45 million tonnes from a prior estimate of a record 40 million.

(Sourced from Reuters)