16 May 2013 17:58 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 5.7% year on year to 31,119 loadings in the week ended 11 May, the first increase in shipments after four declines in a row, according to data released on Thursday by a rail industry group.
In the previous week, ended 4 May, US chemical car loadings fell by 0.1% - the 15th decline so far this year. From 1 January to 11 May, US chemical railcar traffic was down by 1.3% to 569,050 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 11 May, in the freight commodity groups tracked by the AAR, rose by 0.6% year on year to 280,986 carloads.
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