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
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections