UpdateCanada weekly chemical railcar traffic falls 3.1%

06 December 2012 20:49  [Source: ICIS news]

(updates with Canadian and Mexican data)

HOUSTON (ICIS)--Chemical shipments on Canadian railroads fell by 3.1% year on year for the week ended 1 December, marking their third decline in a row and the 36th decline so far this year, according to data released by a rail industry association on Wednesday.

Canadian chemical railcar loadings for the week totalled 10,747, compared with 11,090 in the same week in 2011, the Association of American Railroads (AAR) said.

The previous week, ended 24 November, saw an 8.1% year-on-year fall in Canadian 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 1 December, Canadian chemical railcar loadings were down by 6.0% year on year to 501,062.

The AAR said weekly chemical railcar traffic in Mexico rose by 9.5% year on year to 1,411. From 1 January to 1 December, Mexican chemical railcar loadings were up by 8.6% to 61,601.

US chemical railcar traffic rose by 2.3% year on year in the week ended 1 December, to 31,733 railcar loadings. In the previous week, ended 24 November, US weekly chemical railcar loadings rose by 3.2%.

From 1 January to 1 December, US chemical railcar loadings were down by 0.9% compared with the corresponding period of last year to 1,420,437.

Meanwhile, overall US weekly railcar loadings for the week ended 1 December in the freight commodity groups tracked by the AAR fell  by 2.0% year on year to 305,708 carloads.

For all of North America, total railcar traffic for the week ended 1 December fell by 1.5% to 399,595.

By: Stefan Baumgarten
+1 713 525 2653

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