UpdateCanada chem railcar traffic rises for 5th straight week

07 February 2013 19:33  [Source: ICIS news]

(updates with Canadian and Mexican data)

HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 3.8% year on year in the week ended 2 February, marking their fifth straight increase so far this year, according to data released by a rail industry association on Thursday.

Canadian chemical railcar loadings for the week totalled 10,945, compared with 10,544 in the same week in 2012, the Association of American Railroads (AAR) said.

In the previous week, ended 26 January, Canadian chemical railcar shipments rose by 4.2%. 

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.

The AAR said weekly chemical railcar traffic in Mexico rose by 18.0% year on year to 1,445.

US chemical railcar traffic fell by 2.1% year on year to 31,075 railcar loadings in the week ended 2 February, marking its fifth straight decline so far this year. From 1 January to 2 February, chemical car loadings are down 2.2% year-on-year to 146,424.

Meanwhile, overall US weekly railcar loadings for the week ended 2 February in the freight commodity groups tracked by the AAR fell by 3.4% year on year to 274,700 carloads.

For all of North America, total railcar traffic for the week ended 2 February fell by 2.6% to 365,313, as a 16.2% increase in Mexico helped to partly offset declines in the US and Canada.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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