UpdateCanada chem railcar traffic rises for 14th week in a row

11 April 2013 18:55  [Source: ICIS news]

(updates with Canadian and Mexican data)

HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 12.5% year on year to 11,963 railcar loadings in the week ended 6 April, marking their 14th straight weekly increase this year, according to data released by a rail industry association on Thursday.

In the previous week, ended 30 March, Canada's chemical railcar loadings rose by 7.6% year on year. From 1 January to 6 April, shipments are up 11.5% to 160,738, 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 Mexico rose by 15.6% year on year to 1,400. From 1 January to 6 April, they are up by 13.4% to 18,811.

US chemical railcar traffic rose by 6.5% year on year to 30,475 loadings in the week ended 6 April.

In the previous week, ended 30 March, US chemical car loadings fell by 2.3% year on year – the second decline in a row and the 11th decline so far this year. From 1 January to 6 April, US chemical railcar traffic is down by 1.0% to 418,387 loadings.

Meanwhile, overall US weekly railcar loadings for the week ended 6 April in the freight commodity groups tracked by the AAR rose by 3.7% year on year to 280,748 carloads. Overall Canadian loadings rose by 8.9% to 81,934, and overall Mexican loadings rose by 22.4% to 14,780.

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

By: Stefan Baumgarten
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