28 February 2013 18:45 [Source: ICIS news]
(updates with Canadian and Mexican data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 13.1% year on year to 11,659 railcar loadings in the week ended 23 February, marking their eighth straight increase so far this year, according to data released by a rail industry association on Thursday.
In the previous week ended 16 February, Canadian chemical railcar shipments rose by 6.9%, the Association of American Railroads (AAR) said. From 1 January to 23 February, Canadian chemical railcar loadings were up 10.4% to 88,276.
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>
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.
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 was down by 1.4% to 236,196 loadings.
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. Overall Canadian loadings rose by 1.3% to 77,789, and Mexican loadings rose by 12.4% to 16,475.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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