14 March 2013 19:54 [Source: ICIS news]
(updates with Canadian and Mexican data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 19.6% year on year to 12,256 railcar loadings in the week that ended on 9 March, marking their 10th straight weekly increase so far this year, according to data released by a rail industry association on Thursday.
In the previous week, ending on 2 March, Canada's chemical railcar loadings rose by 17.9% up year on year. From 1 January to 9 March, they were up by 12.1% to 112,856, the Association of American Railroads (AAR) said.
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 companies relying exclusively on rail shipments.
The AAR said that weekly chemical railcar loadings in ?xml:namespace>
US chemical railcar traffic fell by 3.3% year on year to 29,196 loadings in the week to 9 March, marking its fourth straight decline and its ninth so far this year.
In the previous week, US chemical railcar loadings fell by 2.9% year on year. From 1 January to 9 March, they were down by 1.8% to 296,752.
Meanwhile, overall US weekly railcar loadings in the freight commodity groups tracked by the AAR fell by 0.9% year on year to 276,698 in the week ending on 9 March. Overall Canadian loadings rose by 4.8% to 78,758, and overall Mexican loadings rose by 13.0% to 15,577.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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