There are a lot of changes in the commodity flow of coal, especially with the downturn in both the Chinese economy and the level of their coal imports; no real come-back as yet. (If ever) I've seen an article or two that said CSX coal transport was down by almost a third.
Due to lack of demand, the ships that carry coal (and iron ore) to China have been way below their operating expenses for a long time before the Peabody announcement. Natural gas and probably Peabody's investments in what didn't turn out to be a growing Chinese coal demand will shrink them drastically. Coal will be dead until it again becomes a crisis fuel to fall back on; unless, of course, my Mr. Fusion home reactor is delivered.
I realize this is a US bankruptcy, but here's a little of the ripple effect: http://www.smh.com.au/business...20160414-go6cbq.html
