15 August 2013 19:58 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 10.7% year on year to 10,051 loadings in the week ended 10 August, marking their fifth increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 3 August, Canada's chemical railcar loadings rose by 15.0% year on year. From 1 January to 10 August, shipments are up by 8.0% to 364,842, 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 10.3% year on year to 1,408. From 1 January to 10 August, they are up by 13.9% to 45,131.
US chemical railcar traffic rose by 0.6% year on year to 29,692 loadings in the week ended 10 August.
In the previous week, ended 3 August, US chemical car loadings rose by 0.7%. From 1 January to 10 August, US chemical railcar traffic was down 0.2% to 952,801 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 10 August, in the freight commodity groups tracked by the AAR, fell by 0.2% year on year to 288,803 carloads. Overall weekly Canadian loadings rose by 7.3% to 75,962, and overall Mexican loadings rose by 12.5% to 15,954.
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