29 August 2013 17:40 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 1.4% year on year to 10,498 loadings in the week ended 24 August, marking their seventh increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 17 August, Canada's chemical railcar loadings rose by 4.7% year on year. From 1 January to 24 August, shipments were up by 7.7% to 385,595, 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 5.0% year on year to 1,219. From 1 January to 24 August, they are up by 14.3% to 47,860.
US chemical railcar traffic rose by 2.5% year on year to 30,052 loadings in the week ended 24 August.
In the previous week, ended 17 August, US chemical car loadings rose by 2.1%. From 1 January to 24 August, US chemical railcar traffic was down 0.1% to 1,012,447 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 24 August in the freight commodity groups tracked by the AAR fell 1.7% year on year to 291,889 carloads. Overall weekly Canadian loadings fell 0.8% to 79,241, while overall Mexican loadings rose by 6.2% to 15,857.
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