18 November 2010 19:12 [Source: ICIS news]
TORONTO (ICIS)--Chemical shipments on US railroads rose 4.1% last week from the same period in 2009, a rail industry group said on Thursday, marking their 44th increase so far this year.
Chemical railcar loadings for the week ended 13 November were 29,409, up by 1,168 carloads from 28,241 in the same week last year, according to the Association of American Railroads (AAR).
The increase compared with a 9.0% increase in the previous week ended 6 November.
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 5.8% 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 13 November, US chemical railcar loadings were up 9.7% to 1,299,719 from 1,184,800 in the year-earlier period.Read Paul Hodges’ Chemicals and the Economy Blog
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