28 February 2013 16:46 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 0.3% year on year to 29,998 loadings in the week ended 23 February, marking its second straight decline and the seventh decline so far this year, according to data released on Thursday by a rail industry group.In the previous week, ended 16 February, US chemical car loadings fell by 1.5% year on year. From 1 January to 23 February, US chemical railcar traffic is down 1.4% to 236,196 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 23 February in the freight commodity groups tracked by the AAR fell by 1.2% year on year to 278,059 carloads.
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