04 November 2010 16:38 [Source: ICIS news]
TORONTO (ICIS)--Chemical shipments on US railroads rose 5.6% last week from the same period in 2009, a rail industry group said on Thursday, marking their 42nd increase so far this year.
Chemical railcar loadings for the week ended 30 October were 29,587, up by 1,561 carloads from 28,026 in the same week last year, according to the Association of American Railroads (AAR).
The increase compared with a 6.3% increase in the previous week ended 23 October.
The weekly chemical railcar loadings data are 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 last week's chemical shipments compared with a 6.3% year-over-year increase in overall weekly railcar shipments for the 19 high-volume freight commodity groups tracked by the AAR.
Year-to-date to 30 October, US chemical railcar loadings were up 9.9% to 1,241,834 from 1,130,438 in the year-earlier period.Read Paul Hodges’ Chemicals and the Economy blog
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