25 October 2012 19:14 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 1.8% year on year in the week ended 20 October - marking its first decline after three straight increases and the 26th decline so far this year, according to data released on Thursday by a rail industry group.
There were 28,908 chemical railcar loadings last week, compared with 29,433 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 13 October, US weekly chemical railcar loadings rose by 0.9%
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 20 October, US chemical railcar loadings were down by 1.0% compared with the corresponding period of last year, to 1,248,495.
Meanwhile, overall US weekly railcar loadings for the week ended 20 October in the freight commodity groups tracked by the AAR fell by 4.4% year on year to 288,791 carloads.
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