09 August 2012 17:17 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 3.3% year on year for the week ended 4 August, marking its first increase after five declines in a row, according to data released on Thursday by a rail industry group.
There were 29,960 chemical railcar loadings last week, compared with 29,003 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 28 July, US weekly chemical railcar loadings fell by 0.7% year on year - the fifth decline in a row and the 20th decline so far this 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 4 August, US chemical railcar loadings were down by 1.3% to 924,850 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 0.4% year on year to 288,229 carloads.
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