21 June 2012 17:54 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 0.8% year on year for the week ended 16 June, marking its first increase after five declines in a row, according to data released on Thursday by a rail industry group.
There were 29,575 chemical railcar loadings last week, compared with 29,329 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 9 June, US weekly chemical railcar loadings fell 1.2% 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 16 June, US chemical railcar loadings were down by 1.1% to 721,490, 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 2.5% year on year to 287,036 carloads.
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