21 February 2013 17:22 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 1.5% year on year to 29,958 loadings in the week ended 16 February, marking its sixth decline so far this year, according to data released on Thursday by a rail industry group.In the previous week, ended 9 February, US chemical car loadings rose 1.6% year on year - the first increase after five straight declines. From 1 January to 16 February, US chemical railcar traffic is down 1.6% to 206,198 loadings, the Association of American Railroads (AAR) said.
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 16 February in the freight commodity groups tracked by the AAR fell by 1.2% year on year to 278,596 carloads.
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