06 October 2011 18:53 [Source: ICIS news]
HOUSTON (ICIS)--Chemical railcar traffic on US railroads rose by 3.2% year on year for the week ended on 1 October, according to data released by a rail industry group on Thursday.
There were 30,805 chemical railcar loadings last week, compared with 29,845 in the same week in 2010, the Association of American Railroads (AAR) said.
In the previous week ended 24 September, ?xml:namespace>
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 shipments by tonnage, with trucks, barges and pipelines carrying the rest.
Meanwhile, overall US weekly railcar shipments for the 19 high-volume freight commodity groups tracked by the
For the month of September, overall US railcar shipments were up 1.1% year on year, to 1,195,671 carloads.
“Rail traffic is consistent with an economy that is probably still growing, but far more slowly than any of us would want,” said AAR senior vice president John Gray in commenting on the numbers for the months of September.
Year to date to 1 October, US chemical railcar loadings were up by 4.2% year on year to 1,174,030 carloads.
Paul Hodges studies key influencers shaping the chemical industry in his Chemicals and the Economy Blog
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