11 October 2012 18:49 [Source: ICIS news]
(updates with Canadian and Mexican data)
TORONTO (ICIS)--Chemical shipments on Canadian railroads rose by 0.5% year on year for the week ended 6 October, marking their first increase after 10 straight declines, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 10,251 compared with 10,199 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 29 September, saw a year-on-year decline of 13.9% in chemical railcar shipments - the 10th decline in a row and the 29th decline so far this year
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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