25 October 2012 20:17 [Source: ICIS news]
(updates with Canadian and Mexican data)
TORONTO (ICIS)--Chemical shipments on Canadian railroads fell by 2.9% year on year for the week ended 20 October - the second decline in a row and the 31st decline so far this year, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 10,055 compared with 10,355 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 13 October, saw a 2.4% year-on-year decrease in chemical 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.
The AAR that said weekly chemical railcar traffic in
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.
There were 28,908 chemical railcar loadings last week, compared with 29,433 in the corresponding week of 2011. In the previous week, ended 13 October, US weekly chemical railcar loadings rose by 0.9%.
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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