15 November 2012 17:45 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 2.5% year on year in the week ended 10 November, the first uptick after three weeks of declines, according to data released on Thursday by a rail industry group.
There were 29,539 chemical railcar loadings last week, compared with 28,812 in the corresponding week of 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 3 November, US weekly chemical railcar loadings fell by 1.2%.
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 10 November, US chemical railcar loadings were down 1% compared with the corresponding period of last year, to 1,335,381.
Overall US weekly railcar loadings for the week ended 10 November in the freight commodity groups tracked by the AAR fell 5.4% year on year to 283,414 carloads.
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