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Demand for US coal seen strong-Union Pacific CEO

Thu Jul 24, 2008 11:20am EDT

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CHICAGO, July 24 (Reuters) - Global demand for U.S. coal should stay strong for "at least two to three years," the top executive of No. 1 U.S. railroad Union Pacific Corp (UNP.N) said on Thursday.

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"Everything we hear suggests that coal demand will continue to be strong at least in the mid-term horizon," Chief Executive Jim Young told Reuters.

Young said in an interview he also saw no signs that worldwide demand for food was slackening, but nor did he see anything that would "recharge consumer spending" in the United States in the next six to 12 months. (Reporting by Nick Carey, editing by Jeffrey Benkoe)

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