19 April 2012 18:02 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 3.9% year on year for the week ended 14 April as shipments rebounded after five weeks of declines, according to data released on Thursday by a rail industry group.
There were 31,405 chemical railcar loadings last week, compared with 30,235 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 7 April, US weekly chemical railcar loadings fell by 3.7%, marking their fifth decline in a row and the ninth decline so far this year
The weekly logistics 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.
From 1 January to 14 April, US chemical railcar loadings were down by 1.1%, to 453,890, compared with the corresponding period of last year.
Meanwhile, overall US weekly railcar loadings for the 19 high-volume freight commodity groups tracked by the AAR fell by 6.4% year on year to 276,789 carloads.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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