01 August 2013 17:32 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 4.3% year on year to 10,408 loadings in the week ended on 27 July, marking their third increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 20 July, Canada's chemical railcar loadings rose by 8.1% year on year. From 1 January to 27 July, shipments are up by 7.7% to 344,031, 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 1.3% year on year to 1,278. From 1 January to 27 July, they are up by 14.3% to 42,391.
US chemical railcar traffic fell by 3.3% year on year to 29,262 loadings in the week ended 27 July, marking its first decline after four straight weekly increases.
In the previous week, ended 20 July, US chemical car loadings rose by 0.1% year on year. From 1 January to 27 July, US chemical railcar traffic was down 0.2% to 892,930 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 27 July, in the freight commodity groups tracked by the AAR, rose by 2.5% year over year to 295,532 carloads. Overall weekly Canadian loadings fell by 0.4% to 76,751 and overall Mexican loadings fell by 1.0% to 15,816.
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