06 March 2008 21:00 [Source: ICIS news]
HOUSTON (ICIS news)--US chemical railcar traffic for the week ended on 1 March rose 3.4% from the same week last year, the Association of American Railroads (AAR) said on Thursday.
Chemical railcar loadings for the week totalled 33,036, compared with 31,957 for the same week in 2007, the association said.
Total chemical railcar loadings in the year-to-date period through 1 March came to 277,680, up 3.7% from the same period in 2007.
The AAR did not cite reasons for the increase in chemicals shipments.
Analysts consider rail shipment data to be a good early indicator of current chemical industry activity. Railroads transport more than 20% of the chemicals produced in the US.
Railcar loadings for all 19 commodities tracked by the AAR were 336,805 in the week, an increase of 3.9%, compared with 324,089 in the same week of 2007, due to higher loadings of grain, coal and metallic ores.
Overall railcar loadings for the 19 commodity categories it tracks reached 2.9m year to date through 1 March, up 1.7% when compared with the same period of 2007, the association said.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections