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
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