UpdateCanada weekly chemical railcar traffic falls 11.3%

02 August 2012 19:43  [Source: ICIS news]

(updates with Canadian and Mexican chemical railcar traffic data)

TORONTO (ICIS)--Chemical shipments on Canadian railroads fell by 11.3% year on year for the week ended 28 July, marking their 20th decline so far this year, according to data released by a rail industry association on Thursday.

Canadian chemical railcar loadings for the week totalled 9,981, compared with 11,249 in the same week in 2011, the Association of American Railroads (AAR) said.

The previous week, ended 21 July, saw a year-on-year increase of 1.2% 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 28 July, Canadian chemical railcar loadings were down by 6.3% year on year to 319,081.

The AAR said weekly chemical railcar traffic in Mexico rose by 11.6% year on year to 1,229 carloads. From 1 January to 28 July, Mexican chemical railcar loadings were up by 6.4% to 37,294.

US chemical railcar traffic fell by 0.7% year on year for the week ended 28 July, marking its fifth decline in a row and the 20th decline so far this year.

There were 30,265 chemical railcar loadings last week, compared with 30,483 in the corresponding week of 2011. In the previous week, ended 21 July, US weekly chemical railcar loadings fell by 2.0% year on year.

From 1 January to 28 July, US chemical railcar loadings were down by 1.5% to 894,890 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 1.5% year on year to 288,167 carloads.

For all of North America, total railcar traffic for the week ended 28 July fell by 1.3% to 381,243 carloads.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog


By: Stefan Baumgarten
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