26 July 2012 19:46 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 2.0% year on year for the week ended 21 July, marking its fourth decline in a row and the 19th decline so far this year, according to data released on Thursday by a rail industry group.
There were 29,373 chemical railcar loadings last week, compared with 29,974 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 14 July, US weekly chemical railcar loadings fell by 4.7% 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 21 July, US chemical railcar loadings were down by 1.5% to 864,625, compared with the corresponding period of last year.
Meanwhile, overall US weekly railcar loadings for the freight commodity groups tracked by the AAR fell by 1.9% year on year to 286,254 carloads.
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