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Peabody Energy today announced that it has completed a sale of rail assets to Norfolk Southern Corporation.

The sale, for an undisclosed amount, involved approximately 20 miles of railroad track and other rail assets in Warrick County, Ind. Because companies that hold federal leases are prohibited from serving as common rail carriers, the transaction is expected to provide expanded customer access for the nearby Yankeetown Dock, owned by Peabody.

Peabody Energy is the world's largest private-sector coal company, with 2001 sales of 194 million tons of coal and $2.7 billion in revenues. Its coal products fuel more than 9 percent of all U.S. electricity generation and more than 2 percent of worldwide electricity generation.

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SOURCE: Peabody Energy