23 May 2013 17:24 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 7.8% year on year to 31,023 loadings in the week ended 18 May, according to data released on Thursday by a rail industry group.
In the previous week, ended 11 May, US chemical car loadings rose by 5.7% - the first increase in shipments after four declines in a row. From 1 January to 18 May, US chemical railcar traffic was down by 0.8% to 600,073 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 18 May, in the freight commodity groups tracked by the AAR, rose by 1.9% year on year to 285,679 carloads.
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