19 July 2012 17:14 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 4.7% year on year for the week ended 14 July, marking its third decline in a row and the 18th decline so far this year, according to data released on Thursday by a rail industry group.
There were 28,873 chemical railcar loadings last week, compared with 30,310 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 7 July, US weekly chemical railcar loadings fell by 5.1% 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 14 July, US chemical railcar loadings were down by 1.5% to 835,252, compared with the corresponding period of last year.
Meanwhile, overall US weekly railcar loadings for the freight commodity groups tracked by the AAR rose by 1.7% year on year to 286,156 carloads.
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