UpdateCanada weekly chemical railcar traffic rises 7.6%
10 May 2012 19:29 [Source: ICIS news]
(updates with Canadian and Mexican chemical railcar
?xml:namespace>TORONTO (ICIS)--Chemical shipments on Canadian railroads rose by 7.6% year on year in the week ended 5 May, marking their fourth increase in a row after 14 straight weekly declines, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 12,202, up from 11,335 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 28 April, saw a year-on-year increase of 0.7% year in chemical shipments.
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 5 May, Canadian chemical railcar loadings were down by 8.7% year on year to 192,887.
The AAR said weekly chemical railcar traffic in Mexico fell by 21.6% year on year to 1,165 carloads. From 1 January to 5 May, Mexican chemical railcar loadings were up by 0.2% to 21,548.
US chemical railcar traffic rose by 0.8% year on year for the week ended 5 May.
There were 30,422 chemical railcar loadings last week, compared with 30,181 in the corresponding week of 2011.In the previous week, ended 28 April, US weekly chemical railcar loadings fell by 1.4% year on year.
From 1 January to 5 May, US chemical railcar loadings were down by 0.7% to 546,954, 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 2.0% year on year to 276,136 carloads.
For all of North America, total railcar traffic for the week ended 28 April was down by 0.7% to 371,181 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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