CoinLedger handles this reporting automatically. How are cryptocurrencies taxed The gains, losses, and income generated from your crypto investment activity needs to be reported on your taxes in your home fiat currency (e.g. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Our pricing tiers fluctuate based on the number of transactions made during a given tax season. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. "So we should be able to run more fluidly when the market comes back on the intermodal side especially.During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. "If you think about going forward, the ports aren't congested as much as they were, and we don't have a lot of the network all gummed up in the intermodal facilities etc.," said CSX CEO Joseph Hinrichs. Port logistics overall have improved, the railroad said. Boone said Q2 performance was good at its coastal port Curtis Bay in Baltimore. Looking to the future, CSX said its developing new transportation lanes and boosting its activity at inland ports. ![]() ![]() "I think it's really early in July to call 2024. "We'll see how the winter plays out," Boone said. The railroad said it anticipates higher full-year coal shipments due to strong export demand and good cycle times, but that domestic shipments are likely to soften amid low natural gas prices. CSX mainly exports met coal priced around $225/mt, according to Boone. The higher coal volume was driven by more export shipments as domestic utilities sought to move tons into higher-priced international markets, CSX said. For the first six months of 2023, CSX coal volumes rose 11% on the year to 370,000 units as revenue per unit fell 3% to $3,432. CSX's revenue per coal unit was $3,443 in Q2 2023, down 6% from the year-ago quarter. Thermal coal prices were weaker in Q2 amid low-cost natural gas and softer global coal demand.Ĭentral Appalachia 12,500 Btu/lb CSX rail coal averaged $75.46/st in Q2, down 49.9% from $150.70/st in the year-ago quarter, according to the Platts assessments by S&P Global Commodity Insights.ĭue to lower coal prices, CSX coal revenue fell 2% on the year to $637 million in Q2 even as coal volumes rose 4% to 185,000 units. While the summer heat has been a "helpful tailwind" so far in Q3 with customers seeking more sets, overall utility coal stockpiles are projected to be stable in the second half of 2023, according to the company's July 20 investor presentation. "Weather is a surprise from a heat perspective to the upside here over the last few weeks, and we're seeing that with a lot of our customers running full out here and deploying some of the inventory levels," Boone said. But just recently, we're getting a lot more interest and a lot more inbounds on what we can do, given some of the heat waves we're having."īoone said inventory destocking is expected to slow in many CSX-served markets, but the specific timing around this shift was uncertain. ![]() "Look, two weeks, three weeks ago, before this hot summer started, probably a little bit lower outlook for domestic coal business. "Coal is a dynamic market right now," said CSX Executive Vice President Kevin Boone. Receive daily email alerts, subscriber notes & personalize your experience.
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