26 April 2012 17:54 [Source: ICIS news]HOUSTON (ICIS)--US chemical railcar traffic rose by 5.4% year on year for the week ended 21 April, marking its second increase in a row, according to data released on Thursday by a rail industry group.
In the previous week, ended 14 April, US weekly chemical railcar loadings rose by 3.9% year on year as shipments rebounded after five weeks of declines in a row.
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 21 April, US chemical railcar loadings were down by 0.7% to 484,737, 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 3.6% year on year to 282,262 carloads.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections