16 May 2013 18:49 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 7.0% year on year to 12,295 railcar loadings in the week that ended on 11 May, marking their 19th straight weekly increase this year, according to data released by a rail industry association on Thursday.
In the previous week, ended 4 May, Canada's chemical railcar loadings rose by 2.6% year on year. From 1 January to 11 May, shipments are up 9.4% to 223,374, the Association of American Railroads (AAR) said.
The weekly chemical railcar loadings data is seen as an important real-time measure 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 27.8% year on year to 1,424. From 1 January to 11 May, they are up by 14.4% to 26,361.
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.
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.
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.
Overall weekly Canadian loadings fell by 1.2% to 78,348, while overall Mexican loadings rose by 5.3% to 15,251.
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