UpdateCanada chem railcar traffic rises for 16th straight week

25 April 2013 18:48  [Source: ICIS news]

HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 9.2% year on year to 13,388 railcar loadings in the week ended 20 April, marking their 16th straight weekly increase this year, according to data released by a rail industry association on Thursday.

In the previous week, ended 13 April, Canada's chemical railcar loadings rose by 1.6% year on year. From 1 January to 20 April, shipments are up 10.6% to 186,631, 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 6.6% year on year to 1,406. From 1 January to 20 April, they are up by 12.8% to 21,867.

US chemical railcar traffic fell by 4.1% year on year to 29,598 loadings in the week ended 20 April, marking its second decline in a row and the 13th decline so far this year.

In the previous week, ended 13 April, US chemical car loadings fell by 5.7%. From 1 January to 20 April, US chemical railcar traffic is down by 1.5% to 477,594 loadings.

Meanwhile, overall US weekly railcar loadings for the week ended 20 April in the freight commodity groups tracked by the AAR fell by 2.0% year on year to 276,662 carloads.

Overall Canadian loadings rose by 1.2% to 83,540, and overall Mexican loadings rose by 2.5% to 15,107.

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

By: Stefan Baumgarten
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