18 October 2012 19:30 [Source: ICIS news]
(updates with Canadian and Mexican data)
TORONTO (ICIS)--Chemical shipments on Canadian railroads fell by 2.4% year on year for the week ended 13 October, marking their 30th decline so far this year, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 10,090 compared with 10,341 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 6 October, saw a 0.5% year-on-year increase in chemical shipments - the first increase after 10 straight declines.
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.
The AAR that said weekly chemical railcar traffic in
US chemical railcar traffic rose by 0.9% year on year in the week ended 13 October, marking their third increase in a row.
There were 29,114 chemical railcar loadings last week, compared with 28,859 in the corresponding week of 2011. In the previous week, ended 6 October, US weekly chemical railcar loadings rose by 1.4%.
From 1 January to 13 October, US chemical railcar loadings were down by 1.0% compared with the corresponding period of last year, to 1,219,587.
Meanwhile, overall US weekly railcar loadings for the week ended 13 October in the freight commodity groups tracked by the AAR fell by 6.1% year on year to 285,089 carloads.
For all of
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections