08 August 2013 18:50 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 15.0% year on year to 10,760 loadings in the week ended on 3 August, marking their fourth increase in a row, according to data released by a rail industry association on Thursday.
In the previous week ended 27 July, Canada's chemical railcar loadings rose by 4.3% year on year. From 1 January to 3 August, shipments are up by 7.9% to 354,791, 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 4.0% year on year to 1,332. From 1 January to 3 August, they are up by 14.0% to 43,723.
US chemical railcar traffic rose by 0.7% year on year to 30,179 loadings in the week ended 3 August.
In the previous week, ended 27 July, US chemical car loadings fell by 3.3% year on year, marking their first decline after four straight weekly increases. From 1 January to 3 August, US chemical railcar traffic was down 0.2% to 923,109 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 3 August, in the freight commodity groups tracked by the AAR, fell by 0.4% year over year to 287,372 carloads. Overall weekly Canadian loadings rose by 0.3% to 77,847 and overall Mexican loadings rose by 14.9% to 16,842.
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