30 May 2013 18:52 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 0.9% year on year to 30,347 loadings in the week that ended on 25 May, marking its third consecutive increase, according to data released on Thursday by a rail industry group.
In the previous week, that ended on 18 May, US chemical car loadings rose by 7.8%. From 1 January to 25 May, US chemical railcar traffic was down 0.8% to 630,420 loadings, the Association of American Railroads (AAR) said.
The weekly logistics data is 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.
In its report, the AAR also noted a sharp increase in US railcar shipments of crude oil in the 2013 first quarter. US Class I railcar shipments of crude oil hit 97,135 carloads in the first quarter - up 20% from the 2012 fourth quarter, and up 166% year on year from the 2012 first quarter.
Meanwhile, overall US weekly railcar loadings for the week that ended on 25 May, in the freight commodity groups tracked by the AAR, fell by 3.3% year on year to 281,727 carloads.
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