UpdateCanada chem rail traffic rises for third straight week

12 July 2012 19:25  [Source: ICIS news]

(updates with Canadian and Mexican chemical railcar traffic data)

TORONTO (ICIS)--Chemical shipments on Canadian railroads rose by 4.4% year on year for the week ended 7 July, marking their third increase in a row, according to data released by a rail industry association on Thursday.

Canadian chemical railcar loadings for the week totalled 10,234, compared with 9,804 in the same week in 2011, the Association of American Railroads (AAR) said.

The previous week, ended 30 June, saw a year-on-year increase of 6.4% 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 7 July, Canadian chemical railcar loadings were down by 6.2% year on year to 290,053.

The AAR said weekly chemical railcar traffic in Mexico rose by 65.1% year on year to 1,514 carloads. From 1 January to 7 July, Mexican chemical railcar loadings were up by 5.0% to 33,178.

US chemical railcar traffic fell by 5.1% year on year for the week ended 7 July, marking its 17th decline so far this year.

There were 26,517 chemical railcar loadings last week, compared with 27,935 in the corresponding week of 2011. In the previous week, , ended 30 June, US weekly chemical railcar loadings fell by 6.5% year on year.

From 1 January to 7 July, US chemical railcar loadings were down by 1.3% to 806,379, compared with the corresponding period of last year.

Meanwhile, overall US weekly railcar loadings for the high-volume freight commodity groups tracked by the AAR fell by 1.0% year on year to 243,156 carloads.

For all of North America, total railcar traffic for the week ended 7 July rose by 0.2% to 331,162 carloads.

By: Stefan Baumgarten
+1 713 525 2653

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