25 July 2013 17:54 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 8.1% year on year to 10,758 loadings in the week that ended on 20 July, according to data released by a rail industry association on Thursday.
In the previous week, ended 13 July, Canada's chemical railcar loadings rose by 5.6% year on year. From 1 January to 20 July, shipments are up by 7.8% to 333,623, 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 5.2% year on year to 1,544. From 1 January to 20 July, they are up by 14.8% to 41,113.
US chemical railcar traffic increased for the fourth straight week, rising by 0.1% year on year to 29,400 loadings in the week that ended on 20 July.
In the previous week, ended 13 July, US chemical car loadings rose by 3.4% year on year. From 1 January to 20 July, US chemical railcar traffic was down 0.1% to 863,668 loadings.
Meanwhile, overall US weekly railcar loadings for the week that ended on 20 July, in the freight commodity groups tracked by the AAR, fell by 3.0% year on year to 277,933 carloads. Overall weekly Canadian loadings fell by 3.2% to 74,216 while overall Mexican loadings rose by 5.3% to 16,252.
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