Afternoon Coffee: Declining Coal Shipments Impact Railroad Revenue, Business Inventories Fall Slightly in February

aessefotografia/Adobe Stock aessefotografia/Adobe Stock

Florida-based railroad CSX Corp. said its first quarter revenue fell as the volume of coal shipments declined 31%. CSX predicts coal volume will fall more than 20% overall this year.

U.S. business inventories fell 0.1% in February, according to the Commerce Department. The drop was what economists had expected but show it’s taking longer for businesses to reduce inventory gluts.

The amount of acreage used around the world for growing genetically modified crops declined for the first time in 2015. The 1% drop in acreage was driven mainly by low commodity prices.

A new ride-sharing service that provides service to women and children under 13 only is set to launch in Boston on April 19. The service, called “Chariot for Women” only has female drivers, and 2% of the fares will go to “women-based” charities.

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