UpdateCanada chemical railcar traffic rises for 6th straight week
14 February 2013 17:56 [Source: ICIS news]
(updates with Canadian and Mexican data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 12.5% year on year to 11,449 railcar loadings in the week ended 9 February, marking their sixth straight increase so far this year, according to data released by a rail industry association on Thursday.
In the previous week, ended 2 February, Canadian chemical railcar shipments rose by 3.8%. From 1 January to 9 February, Canadian chemical railcar loadings were up 10.5% to 64,720, the Association of American Railroads (AAR) said.
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 that weekly chemical railcars in ?xml:namespace>Mexico rose by 19.8% year on year to 1,288. From 1 January to 9 February, Mexican chemical railcar loadings were up by 17.1% to 7,740.
US chemical railcar traffic rose by 1.6% year on year to 29,816 loadings in the week ended 9 February, marking its first increase after five straight declines so far this year.
In the previous week, ended 2 February, US chemical car loadings fell by 2.1% year on year. From 1 January to 9 February, chemical railcar loadings were down by 1.6% to 176,240.
Meanwhile, overall US weekly railcar loadings for the week ended 9 February in the freight commodity groups tracked by the AAR fell by 2.3% year on year to 273,369 carloads. Overall Canadian loadings rose 3.0% to 80,020, and Mexican loadings rose 7.9% to 14,211.
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