03 July 2013 18:26 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 0.5% year on year to 10,954 loadings in the week that ended on 29 June, according to data released by a rail industry association on Wednesday.
In the previous week, ended 22 June, Canada's chemical railcar loadings fell by 12.3%. From 1 January to 29 June, shipments are up 8.3% to 302,824, 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 31.5% year on year to 1,564. From 1 January to 29 June, they are up 16.8% to 36,792.
US chemical railcar traffic rose by 2.3% year on year to 29,874 loadings in the week that ended on 29 June.
In the previous week, ended 22 June, US chemical car loadings fell by 0.2% year on year. From 1 January to 29 June, US chemical railcar traffic was down 0.3% to 777,462 loadings.
Meanwhile, overall US weekly railcar loadings for the week that ended on 29 June, in the freight commodity groups tracked by the AAR, rose by 1.0% to 281,367 carloads. Overall weekly Canadian loadings fell by 3.8% to 75,038, while overall Mexican loadings rose by 13.9% to 17,077.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections