05 March 2009 20:43 [Source: ICIS news]
TORONTO (ICIS news)--US chemical railcar traffic, a key indicator of the health of the chemicals industry, fell 14.8% in the week ended 28 February from the same week in 2008, marking the 26th straight decline, according to data released on Thursday.
US chemical railcar loadings were 28,130, down from 33,024 from the same week in 2008, the Association of American Railroads (AAR) said.
The weekly shipment data are a good early indicator of current chemical industry activity. Railroads transport more than 20% of the chemicals produced in the ?xml:namespace>
For the year-to-date period through 28 February, US chemical railcar loadings fell 17.1% to 207,458, down from 250,165 in the same period last year.
The AAR also provided comparable chemical railcar shipment data for
Canadian chemical rail traffic for the week ended 28 February dropped 29.1% to 11,514 carloads, down from 16,229 in the same week last year.
For the year-to-date period, Canadian shipments were 95,276, a 23.0% decrease from 123,811 in the same period in 2008.
Mexican weekly chemical rail traffic rose 20.5% to 1,165, up from 967 in the same week a year earlier.
For the year-to-date period, Mexican shipments were 8,335, up 13.7% from 7,329 in the same period last year.
For all of
Year to date to 28 February, North American chemical railcar traffic was 311,069 carloads, down 18.4% from 381,305 in the same period last year.
For all of
Commenting on the overall
“Time will tell how quickly the economy recovers.”
“In the meantime, we’re hopeful that policymakers focus on growing the nation’s rail networks so more people and more goods can move by rail,” he added.
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