07 March 2013 18:34 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic fell by 2.9% year on year to 31,360 loadings in the week ended 2 March, marking its third straight decline and the eighth decline so far this year, according to data released on Thursday by a rail industry group.In the previous week, ended 23 February, US chemical car loadings fell by 0.3% year on year. From 1 January to 2 March, US chemical railcar traffic is down 1.6% to 267,556 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 2 March in the freight commodity groups tracked by the AAR rose by 0.2% year on year to 283,819 carloads.
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