13 December 2012 18:49 [Source: ICIS news]
(updates with Canadian and Mexican data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose 6.3% year on year for the week ended 8 December, marking their first increase after three straight declines, according to data released by a rail industry association on Thursday.
Canadian chemical railcar loadings for the week totalled 11,025, compared with 10,367 in the same week in 2011, the Association of American Railroads (AAR) said.
The previous week, ended 1 December, saw 3.1% year-on-year fall in Canadian chemical shipments - the 36th decline so far this year.
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 8 December, Canadian chemical railcar loadings were down by 5.8% year on year to 512,087.
The AAR said weekly chemical railcar traffic in ?xml:namespace>
US chemical railcar traffic rose by 5.0% year on year to 29,470 carloads in the week ended 8 December, marking its third increase in a row. In the previous week, ended 1 December, US weekly chemical railcar loadings rose by 2.3%.
From 1 January to 8 December, US chemical railcar loadings were down by 0.8% compared with the corresponding period of last year to 1,449,907.
Meanwhile, overall US weekly railcar loadings for the week ended 8 December in the freight commodity groups tracked by the AAR fell by 1.6% year on year to 292,206 carloads.
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