03 October 2013 17:52 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 10.6% year on year to 11,344 loadings in the week ended 28 September, marking their third increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 21 September, Canada's chemical railcar loadings rose by 11.9% year on year. From 1 January to 28 September, shipments were up 7.8% to 441,218, 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 12.0% year on year to 1,243. From 1 January to 28 September, they were up 9.5% to 53,235.
US chemical railcar traffic fell by 1.3% year on year to 30,693 loadings in the week ended 28 September.
In the previous week, ended 21 September, US chemical car loadings fell by 0.3%. From 1 January to 28 September, US chemical railcar traffic was unchanged at 1,161,275 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 28 September in the freight commodity groups tracked by the AAR rose 0.5% year on year to 296,809 carloads. Overall weekly Canadian loadings rose by 4.4% to 86,685 while overall Mexican loadings rose by 0.3% to 14,716.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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