30 August 2012 17:09 [Source: ICIS news]HOUSTON (ICIS)--US chemical railcar traffic fell by 2.0% year on year for the week ended 25 August, marking its 22nd decline so far this year, according to data released on Thursday by a rail industry group.
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 25 August, US chemical railcar loadings were down by 1.2% to 1,013,933 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 0.8% year on year to 297,042 carloads.
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