21 November 2012 17:07 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 2.9% year on year in the week ended 17 November, marking its 29th decline so far this year, according to data released on Wednesday by a rail industry group.
There were 28,080 chemical railcar loadings last week, compared with 28,919 in the corresponding week in 2011, the Association of American Railroads (AAR) said.
In the previous week, ended 10 November, US weekly chemical railcar loadings rose by 2.5%.
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 17 November, US chemical railcar loadings were down 1.1% compared with the corresponding period of last year, to 1,363,461.
Overall US weekly railcar loadings for the week ended 17 November in the freight commodity groups tracked by the AAR fell 4.3% year on year to 288,717 carloads.
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