10 June 2010 18:26 [Source: ICIS news]
TORONTO (ICIS news)--Chemical shipments on US railroads rose 3.4% last week from the same period in 2009, a rail industry group said on Thursday, marking the 30th weekly increase in a row and the 22nd gain this year.
The data are not strictly comparable because the 2010 week ended 5 June included the US Memorial Day holiday whereas the 2009 period did not.
Chemical railcar loadings for the week ended 5 June were 26,426, up by 861 carloads from 25,565 in the same week last year, according to the Association of American Railroads (AAR).
The increase compares with a 16.0% increase in the previous week ended 29 May.
The weekly chemical railcar loadings data are seen as an important real-time measure of chemical industry activity and demand. Railcar loadings represent about 20% of US chemical volumes by tonnage, with trucks, barges and pipelines carrying the rest.
The increase in chemical shipments compared with a 4.0% year-over-year increase in overall weekly railcar shipments for the 19 high-volume freight cargoes tracked by the ?xml:namespace>
Compared with the same week in 2008, overall carloads were still down 16.4%, the association said.
Year-to-date to 5 June,
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