24 January 2013 17:51 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 0.3% year-on-year in the week ended 19 January, marking its third straight decline so far this year, according to data released on Thursday by a rail industry group.
There were 29,970 chemical railcar loadings last week, compared with 30,054 in the corresponding week in 2012, the Association of American Railroads (AAR) said.
In the previous week, ended 12 January, US chemical car loadings fell 3.1% year-on-year. From 1 January to 19 January, chemical car loadings are down 2.4% year-on-year to 85,569.
The weekly logistics data are an important real-time measurement 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.Meanwhile, overall US weekly railcar loadings for the week ended 19 January in the freight commodity groups tracked by the AAR fell by 3.5% year-on-year to 277,490 carloads.
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