US weekly chemical railcar traffic rises 1.1%

13 March 2008 16:23  [Source: ICIS news]

HOUSTON (ICIS news)--US chemical railcar traffic for the week ended 8 March rose 1.1% from the same week last year, the Association of American Railroads (AAR) said on Thursday.

Chemical railcar loadings for the week totalled 30,790, compared with 30,446 for the same week in 2007, the association said.

Total chemical railcar loadings in the year-to-date period through 8 March came to 308,470, up 3.4% 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 323,323 in the week, a decrease of 2.3%, compared with 330,866 in the same week of 2007, due to higher loadings of grain, coal and metallic ores.

Overall railcar loadings for the 19 commodity categories listed by the AAR reached 3.2m year to date through 8 March, up 1.3% when compared with the same period of 2007, the association said.

By: Brian Ford
+1 713 525 2653

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