UpdateCanada chem railcar traffic rises for 13th straight week

04 April 2013 19:23  [Source: ICIS news]

(updates with Canadian and Mexican data)

HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 7.6% year on year to 11,947 railcar loadings in the week ended 30 March, marking their 13th straight weekly increase this year, according to data released by a rail industry association on Thursday.

In the previous week, ended 23 March, Canada's chemical railcar loadings rose by 9.2% year on year. From 1 January to 30 March, shipments are up 11.4% to 148,775, 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 loadingin Mexico rose by 9.6% year on year to 1,440. From 1 January to 30 March, they are up by 13.2% to 17,411.

US chemical railcar traffic fell by 2.3% year on year to 30,557 loadings in the week ended 30 March, marking its second decline in a row and the 11th decline so far this year.

In the previous week, ended 23 March, US chemical car loadings fell by 0.9% year on year. From 1 January to 30 March, US chemical railcar traffic is down by 1.5% to 387,912 loadings.

Meanwhile, overall US weekly railcar loadings for the week ended 30 March in the freight commodity groups tracked by the AAR fell by 1.9% year on year to 281,367 carloads.
Overall Canadian loadings rose by 0.5% to 80,227, and overall Mexican loadings fell by 6.3% to 13,948.

Paul Hodges studies key influences shaping the chemical industry in his Chemical and the Economy Blog

By: Stefan Baumgarten
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