06 January 2011 19:16 [Source: ICIS news]
HOUSTON (ICIS)--Chemical shipments on US railcars rose 12.1% last week compared with the same period a year earlier, the 51st weekly increase for the 2010 year, a rail industry group said on Thursday.
There were 29,318 chemical railcar loadings in the week ended 1 January 2011, up by 3,167 carloads from 26,151 in the same week a year earlier, according to the Association of American Railroads (AAR).
The previous week ended 25 December saw a year-on-year rise of 17.4%.
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.
In addition, there was a 5.6% year-on-year increase in overall US weekly railcar shipments for the 19 high-volume freight commodity groups tracked by the AAR.
For the year ending 1 January 2011, chemical railcar shipments totalled 1,497,095, up 9.6% from 2009.
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