US chemical railcar traffic rose 1.3% last week

22 March 2007 18:00  [Source: ICIS news]

TORONTO (ICIS news)--US chemical railcar traffic rose 1.3% in the week ended 17 March, compared with the same period in 2006, the Association of American Railroads (AAR) said on Thursday.

 

Chemical railcar loadings for the week totalled 30,132, compared with 29,750 for the same week in 2006, the AAR said.

 

Cumulatively, US chemical railcar loadings came to 328,382 for the first 11 weeks of the year, an increase of 0.8% on the same period in 2006.

 

Analysts consider the weekly statistics to be a good indicator of current chemical industry activity, as railroads transport 22% of chemicals produced in the US. The AAR did not provide specific reasons to explain the increase in chemicals shipments.

 

The AAR said that overall railcar loadings for the 19 commodity categories it tracks declined by 1.1% in the 11th week, to 329,185 carloads. 

 

Cumulatively, carloads were down 4.7%, to 3.475m, for the first 11 weeks of 2007, compared with 2006.


By: Stefan Baumgarten
+1 713 525 2653



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