UpdateCanada chem railcar traffic falls for 10th straight week
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>From 1 January to 29 September, Canadian chemical railcar loadings were down by 6.6% year on year, to 409,882.
The AAR that said weekly chemical railcar traffic in Mexico rose by 19.1% year on year, to 1,412. From 1 January to 29 September, Mexican chemical railcar loadings were up by 5.7% to 49,134.
US chemical railcar traffic rose by 1.0% year on year for the week ended 29 September – the first increase after two declines in a row.
There were 31,105 chemical railcar loadings last week, compared with 30,804 in the corresponding week of 2011. In the previous week, ended 22 September, US weekly chemical railcar loadings fell by 1.3% – the 25th decline so far this year.
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.
For all of North America, total railcar traffic for the week ended 29 September fell by 3.8% to 392,901.By: Stefan Baumgarten+1 713 525 2653
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