UpdateCanadian weekly chemical railcar traffic rises 16.4%

24 February 2011 18:44  [Source: ICIS news]

(adds Canadian and Mexican chemical rail traffic data)

TORONTO (ICIS)--Chemical shipments on Canadian railroads rose 16.4% in the week ended 19 February compared with the same period in 2010, an industry association said on Thursday.

Canadian chemical railcar loadings were 11,908 last week, up from 10,233 in the same week a year earlier, the Association of American Railroads (AAR) said.

The increase for the week came after a 7.8% year-on-year increase in Canadian chemical carloads in the previous week ended 12 February.

The weekly chemical railcar loadings data are seen as an important real-time measure of chemical industry activity and demand. In Canada, chemical railcar traffic accounts for about 20% of overall railcar shipments, compared with around 10% in the US.

Year to date to 19 February, Canadian chemical railcar shipments were up 12.0% to 79,824 from 71,282 in the year-earlier period.

The association said that chemical railcar traffic in Mexico fell 13.3% last week to 1,095 from 1,263 in the same week a year earlier.

Year to date to 19 February, Mexican chemical railcar shipments were down 12.6% to 7,007 from 8,017 in the year earlier period.

Chemical shipments on US railroads rose 5.7% in the week ended 19 February compared with the same period in 2010.

There were 30,673 chemical railcar loadings last week, up from the 29,024 loadings in the same week a year earlier.

The previous ended 12 February saw a year-on-year rise of 6.4%.

Overall US weekly railcar shipments for the 19 high-volume freight commodity groups tracked by the AAR rose 8.2% to 296,980.

For all of North America, total weekly railcar traffic rose 7.1% from the year-earlier week to 384,535.

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By: Stefan Baumgarten
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