14 March 2013 15:55 [Source: ICIS news]
Correction: In the ICIS story headlined "US chemical railcar traffic falls for 4th straight week" dated 14 March 2013, please read the third paragraph ... US chemical railcar traffic is down 1.8% to 296,752 loadings ... instead of ... 296,572 loadings ... A corrected story follows.
HOUSTON (ICIS)--US chemical railcar traffic fell by 3.3% year on year to 29,196 loadings in the week ended 9 March, marking its fourth straight decline and the ninth decline so far this year, according to data released on Thursday by a rail industry group.
In the previous week, ended 2 March, US chemical car loadings fell by 2.9% year on year.From 1 January to 9 March, US chemical railcar traffic is down 1.8% to 296,752 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 9 March in the freight commodity groups tracked by the AAR fell by 0.9% year on year to 276,698 carloads.
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