13 June 2013 18:32 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads fell by 3.5% year on year to 11,158 railcar loadings in the week that ended 8 June, marking their first decline this year after 22 straight weekly increases, according to data released by a rail industry association on Thursday.
In the previous week, ended 1 June, Canada's chemical railcar loadings rose by 18.6% year on year, said the Association of American Railroads (AAR). From 1 January to 8 June, shipments are up 9.9% to 270,839, the 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 35.3% year on year to 1,573. From 1 January to 8 June, they are up 16.8% to 32,394.
US chemical railcar traffic rose by 3.8% year on year to 30,424 loadings in the week that ended on 8 June, marking its fifth consecutive increase.
In the previous week, ended 1 June, US chemical car loadings rose by 3.4%. From 1 January to 8 June, US chemical railcar traffic was down 0.4% to 689,102 loadings.
Meanwhile, overall US weekly railcar loadings for the week that ended 8 June in the freight commodity groups tracked by the AAR fell by 2.8% year on year to 278,249 carloads. Overall weekly Canadian loadings fell by 4.9% to 77,667, while overall Mexican loadings rose by 12.1 to 16,783.
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