04 October 2012 18:44 [Source: ICIS news]
(TORONTO (ICIS)--Chemical shipments on Canadian railroads fell by 13.9% year on year for the week ended 29 September, marking their 10th decline in a row and the 29th decline so far this year, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 10,267 compared with 11,928 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 22 September, saw a year-on-year decline of 11.7% 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.?xml:namespace>
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