08 November 2012 19:27 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 1.2% year on year in the week ended 3 November, marking its third decline in a row and the 28th decline so far this year, according to data released on Thursday by a rail industry group.
There were 28,560 chemical railcar loadings last week, compared with 28,908 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 27 October, US weekly chemical railcar loadings fell by 4.2%.
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 3 November, US chemical railcar loadings were down by 1.1% compared with the corresponding period of last year, to 1,305,842.
Overall US weekly railcar loadings for the week ended 3 November in the freight commodity groups tracked by the AAR fell by 6.8% year on year to 278,230 carloads.
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