29 November 2012 19:16 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 3.2% year on year in the week ended 24 November, according to data released on Thursday by a rail industry group.
There were 25,243 chemical railcar loadings last week, compared with 24,470 in the corresponding week in 2011, the Association of American Railroads (AAR) said.
In the previous week, ended ended 17 November, US weekly chemical railcar loadings fell by 2.9%, marking their 29th decline so far this year.
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 24 November, US chemical railcar loadings were down by 1.0% compared with the corresponding period of last year, to 1,388,704.
Overall US weekly railcar loadings for the week ended 24 November in the freight commodity groups tracked by the AAR fell by 4.6% year on year to 252,931 carloads.
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