US weekly chem railcar traffic rises 5.4% year on year

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.

There were 30,847 chemical railcar loadings last week, compared with 29,280 in the corresponding week of 2011, the Association of American Railroads (AAR) said.

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

By: Stefan Baumgarten
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