UpdateCanada weekly chemical railcar traffic rises 9.4%
26 April 2012 19:11 [Source: ICIS news]
(updates with Canadian and Mexican chemical railcar
?xml:namespace>TORONTO (ICIS)--Chemical shipments on Canadian railroads rose by 9.4% year on year in the week ended on 21 April, marking their second increase in a row, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 12,268, up from 11,212 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 14 April, saw a year-on-year increase of 9.2% year as shipments recovered after 14 weekly declines in a row.
The weekly chemical railcar loadings data are seen as important real-time measures of chemical industry activity and demand. Canada’s chemical industry transports two-thirds of its annual shipments on the country’s railway system.
From 1 January to 21 April, Canadian chemical railcar loadings were down by 10.3% year on year to 168,925.
The AAR said weekly chemical railcar traffic in Mexico fell by 1.6% year on year to 1,329 carloads. From 1 January to 21 April, Mexican chemical railcar loadings were up by 1.7% to 19,004.
US chemical railcar traffic rose by 5.4% year on year for the week ended 21 April, marking its second increase in a row.
There were 30,847 chemical railcar loadings last week, compared with 29,280 in the corresponding week of 2011.
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.
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.
For all of North America, total railcar traffic for the week ended 21 April was down by 0.1% to 379,454 carloads.By: Stefan Baumgarten+1 713 525 2653
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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