UpdateCanada chemical railcar traffic rises 6.4%

05 July 2012 21:09  [Source: ICIS news]

(updates with Canadian and Mexican chemical railcar traffic data)

TORONTO (ICIS)--Chemical shipments on Canadian railroads rose by 6.4% year on year for the week ended 30 June, according to data released by a rail industry association on Thursday.

Canadian chemical railcar loadings for the week totalled 10,922, compared with 10,262 in the same week in 2011, the Association of American Railroads (AAR) said.

The previous week, ended 23 June, saw a year-on-year increase of 5.3% in chemical railcar 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 30 June, Canadian chemical railcar loadings were down by 6.6% year on year to 279,819.

The AAR said weekly chemical railcar traffic in Mexico rose by 39.8% year on year to 1,342 carloads. From 1 January to 30 June, Mexican chemical railcar loadings were up by 3.2% to 31,664.

US chemical railcar traffic fell by 6.5% year on year for the week ended 30 June, marking its 16th decline so far this year.

There were 29,197 chemical railcar loadings last week, compared with 31,213 in the corresponding week of 2011. In the previous week, ended 23 June, US weekly chemical railcar loadings rose by 0.7% year on year.

From 1 January to 30 June, US chemical railcar loadings were down by 1.2% to 779,862, 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 278,634 carloads.

For all of North America, total railcar traffic for the week ended 30 June was down by 0.7% to 371,696 carloads.

By: Stefan Baumgarten
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly