15 November 2012 18:22 [Source: ICIS news]
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 5.6% year on year for the week ended 10 November, marking the first increase after four straight weeks of declines, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 10,378, compared with 9,831 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 3 November, saw a 5.1% 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.
From 1 January to 10 November, Canadian chemical railcar loadings were down by 5.9% year on year, to 471,303.
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US chemical railcar traffic rose by 2.5% year on year in the week ended 10 November, the first uptick after three declines in a row.
There were 29,529 chemical railcar loadings last week, compared with 28,812 in the corresponding week of 2011. In the previous week, ended 3 November, US chemical railcar loadings fell by 1.2%.
From 1 January to 10 November, US chemical railcar loadings were down by 1.0% 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 by 5.4% year on year to 283,414 carloads.
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