US weekly chemical railcar traffic falls 3.1%

17 April 2008 17:15  [Source: ICIS news]

TORONTO (ICIS news)--US chemical railcar traffic for the week ended 12 April fell 3.1% from the same week last year, the Association of American Railroads (AAR) said on Thursday.

 

Chemical railcar loadings for the week totalled 30,358, compared with 31,333 for the same week in 2007, the association said.

 

Total chemical railcar loadings in the year-to-date period through to 12 April came to 464,907, up 2.7% from the same period in 2007.

 

The AAR did not cite reasons for the decrease in the weeky 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 for the week were 329,508.

 

This was a decrease of 2.9% compared with 339,181 in the same week of 2007, as higher shipments of grains, metals and food products were offset by lower shipments of lumber and wood products, metallic ores and motor vehicles.

 

Overall railcar loadings for the 19 commodity categories listed by the AAR reached 4.8m to date through 12 April, up 1% when compared with the same period of 2007, the association said.


By: Stefan Baumgarten
+1 713 525 2653



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