04 October 2012 17:25 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 1.0% year on year for the week ending on 29 September – the first increase after two declines in a row, according to data released on Thursday by a rail industry group.
There were 31,105 chemical railcar loadings last week, compared with 30,804 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ending on 22 September, US weekly chemical railcar loadings fell by 1.3% – the 25th 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 29 September, US chemical railcar loadings were down by 1.1% compared with the corresponding period of last year, to 1,160,705.
Meanwhile, overall US weekly railcar loadings for the freight commodity groups tracked by the AAR fell by 5.3% year on year to 295,243 carloads.
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