US weekly chemical railcar traffic falls 7.3% year on year
03 January 2013 20:14 [Source: ICIS news]
HOUSTON (ICIS)--?xml:namespace>US chemical railcar traffic fell by 7.3% year on year in the week ended 29 December, a railroad trade group said on Thursday.
The US had 26,571 chemical railcar loadings during the week, compared with 28,674 during the same time in 2011, the Association of American Railroads (AAR) said.
In the week ended 22 December, US chemical railcar traffic rose by 5.6% year on 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 29 December, the US had 1.54m chemical railcar loadings, down slightly from 1.55m for the comparable period in 2011.
Overall US weekly railcar loading for the week ended 29 December in the freight commodity groups tracked by the AAR reached 211,921, down 13.8% from 245,733 for the comparable period in 2011. By: Al Greenwood+1 713 525 2645
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