05 September 2013 19:20 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 13.6% year on year to 11,543 loadings in the week ended 31 August, marking their eighth increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 24 August, Canada's chemical railcar loadings rose by 1.4% year on year. From 1 January to 31 August, shipments were up by 7.9% to 397,138, 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 fell by 9.2% year on year to 1,195. From 1 January to 31 August, they were up 12.6% to 48,620.
US chemical railcar traffic rose by 8.0% year on year to 32,005 loadings in the week ended 31 August.
In the previous week, ended 24 August, US chemical car loadings rose by 2.5%. From 1 January to 31 August, US chemical railcar traffic was up 0.1% to 1,044,452 loadings, the Association of American Railroads (AAR) said.
Meanwhile, overall US weekly railcar loadings for the week ended 31 August, in the freight commodity groups tracked by the AAR, rose 3.1% year on year to 302,026 carloads. Overall weekly Canadian loadings rose by 2.2% to 81,199 and overall Mexican loadings rose by 13.6% to 16,725.
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