19 January 2012 16:42 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 1.8% year on year for the week ended 14 January, rebounding from a sharp decline in the previous week, according to data released by a rail industry group on Thursday.
There were 30,647 chemical railcar loadings last week, compared with 30,108 in the same week in 2011, the Association of American Railroads (AAR) said.
In the previous week ended 7 January, US weekly chemical railcar shipments fell by 10.6% year on year.
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 transportation by tonnage, with trucks, barges and pipelines carrying the rest.
Year to date to 14 January, US chemical railcar loadings were down 4.4%, to 57,582, compared with the same period in 2011.
Meanwhile, overall US weekly railcar traffic for the 19 high-volume freight commodity groups tracked by the AAR rose by 5.5% year on year to 298,560 carloads.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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