02 May 2013 19:13 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 2.3% year on year to 11,950 railcar loadings in the week ended 27 April, marking their 17th straight weekly increase this year, according to data released by a rail industry association on Thursday.
In the previous week, ended 20 April, Canada's chemical railcar loadings rose by 9.2% year on year. From 1 January to 27 April, shipments are up 10.1% to 198,581, 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 5.1% year on year to 1,474. From 1 January to 27 April, they are up by 12.3% to 23,341.
US chemical railcar traffic fell by 5.9% year on year to 29,891 loadings in the week ended 27 April, marking its third decline in a row and the 14th decline so far this year.
In the previous week, ended 20 April, US chemical car loadings fell by 4.1%. From 1 January to 27 April, US chemical railcar traffic is down by 1.7% to 507,485 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 27 April in the freight commodity groups tracked by the AAR fell by 2.6% year on year to 275,638 carloads.
Overall Canadian loadings rose by 0.8% to 81,657, and overall Mexican loadings rose by 2.4% to 15,520.
Paul Hodges studies key influences shaping the chemical industry in his Chemical and the Economy Blog
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