07 June 2012 18:10 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 4.5% year on year for the week ended 2 June, marking its fourth decline in a row and the 14th decline so far this year, according to data released on Thursday by a rail industry group.
There were 27,343 chemical railcar loadings last week, compared with 28,634 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 26 May, US weekly chemical railcar loadings fell 1.7% year on year.
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 2 June, US chemical railcar loadings were down by 1.1% to 662,607, 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 3.1% year on year to 265,207 carloads.
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