does anyone understand what this is worth, page-11

Agreed, but what I am eluding to is that a lot of waht has transpired in this market hasn't really aligned with logic or expectation. Look at OXR / zfx as a classic example. One of the many where you really can't comprehend why they've been smacked so severely. Is it panic, manipulation or profit taking from previous LT holders ? The point is ...these are ongoing blips and hopefully will be converted long term. Logically....coal is a market darling...it has to be transported therefore, as an aligned service it should tag along with some degree of profitablity....shouldn't it ??