28 June 2012 17:34 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 0.7% year on year for the week ended 23 June, according to data released on Thursday by a rail industry group.
There were 29,175 chemical railcar loadings last week, compared with 28,968 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 16 June, US weekly chemical railcar loadings rose by 0.8% year on year, marking their first increase after five declines in a row.
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 23 June, US chemical railcar loadings were down by 1.0% to 750,665, 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 rose by 1.4% year on year to 288,730 carloads.
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