03 May 2012 20:04 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 1.4% year on year for the week ended 28 April, marking their tenth decline so far this year, according to data released on Thursday by a rail industry group.
There were 31,775 chemical railcar loadings last week, compared with 32,226 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 21 April, US weekly chemical railcar loadings rose by 5.4% year on year - the second increase in a row after five consecutive declines.
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 28 April, US chemical railcar loadings were down by 0.8% to 516,512, 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 4.1% year on year to 283,080 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