UpdateCanada chemical rail traffic falls for eighth straight week

20 September 2012 19:52  [Source: ICIS news]

(ICIS)--Chemical shipments on Canadian railroads fell by 8.4% year on year for the week ended 15 September, marking their eighth decline in a row and the 27th decline so far this year, according to data released by a rail industry association on Thursday.

Canadian chemical railcar loadings for the week totalled 10,426 compared with 11,381 in the same week in 2011, the Association of American Railroads (AAR) said.

The previous week, ended 8 September, saw a year-on-year decline of 5.2% 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 15 September, Canadian chemical railcar loadings were down by 6.3% year on year to 389,582.

The AAR said weekly chemical railcar traffic in Mexico rose by 2.0% year on year to 1,402. From 1 January to 15 September, Mexican chemical railcar loadings were up by 5.0% to 46,264.

US chemical railcar traffic fell by 0.8% year on year for the week ended 15 September, marking its 24th decline so far this year.

There were 29,177 chemical railcar loadings last week, compared with 29,424 in the corresponding week of 2011. In the previous week, week, ended 8 September, US weekly chemical railcar loadings rose by 1.1%.

From 1 January to 15 September, US chemical railcar loadings were down by 1.2% to 1,100,225 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 2.9% year on year to 291,530 carloads.

For all of North America, total railcar traffic for the week ended 15 September fell by 1.1% to 387,964.

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

By: Stefan Baumgarten
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