21 March 2013 16:37 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 1.3% year on year to 30,143 loadings in the week ended 16 March, marking its first increase after four declines in a row, according to data released on Thursday by a rail industry group.
In the previous week, ended 9 March, US chemical car loadings fell by 3.3% year on year - the fourth straight decline and the ninth decline so far this year.From 1 January to 16 March, US chemical railcar traffic is down 1.5% to 326,895 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 16 March in the freight commodity groups tracked by the AAR rose by 0.5% year on year to 280,624 carloads.
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