07 March 2013 19:13 [Source: ICIS news]
(updates with Canadian and Mexican data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 17.9% year on year to 12,324 railcar loadings in the week ended 2 March, marking their ninth straight increase so far this year, according to data released by a rail industry association on Thursday.
In the previous week, ended 23 February, Canadian chemical railcar shipments rose by 13.1%, the Association of American Railroads (AAR) said. From 1 January to 2 March, Canadian chemical railcar loadings were up 11.2% to 100,600.
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 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.
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.
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. Overall Canadian loadings rose by 5.3% to 80,495, and Mexican loadings rose by 15.6% to 15,603.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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