UpdateCanada weekly chemical railcar traffic falls 2.8%

21 June 2012 19:41  [Source: ICIS news]

(updates with Canadian and Mexican chemical railcar traffic data)

TORONTO (ICIS)--Chemical shipments on Canadian railroads fell by 2.8% year on year for the week ended 16 June, marking their 18th decline so far this year, according to data released by a rail industry association on Thursday.

Canadian chemical railcar loadings for the week totalled 10,810, compared with 11,121 in the same week in 2011, the Association of American Railroads (AAR) said.

The previous week, ended 9 June, saw a year-on-year increase of 4.4% in chemical shipments.

The weekly chemical railcar loadings data are seen as important real-time measures of chemical industry activity and demand. Canadian chemical producers rely on rail to ship more than 70% of their products, with many firms relying exclusively on rail shipments.

From 1 January to 16 June, Canadian chemical railcar loadings were down by 7.5% year on year to 257,451.

The AAR said weekly chemical railcar traffic in Mexico fell by 3.6% year on year to 1,435 carloads. From 1 January to 16 June, Mexican chemical railcar loadings were up by 1.8% to 29,042.

US chemical railcar traffic rose by 0.8% year on year, to 29,575 loadings, for the week ended 16 June, marking its first increase after five declines in a row. In the previous week, ended 9 June, US weekly chemical railcar loadings fell 1.2% year on year.

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.

For all of North America, total railcar traffic for the week ended 16 June was down by 2.7% to 378,982 carloads.

By: Stefan Baumgarten
+1 713 525 2653



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