17 October 2013 17:39 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 1.9% year on year to 29,653 loadings in the week ended 12 October, marking its first increase after three weekly declines in a row, according to data released on Thursday by a rail industry group.
In the previous week, ended 5 October, US chemical car loadings fell by 0.5%. From 1 January to 12 October, US chemical railcar traffic was up 0.1% at 1,220,564 loadings, the Association of American Railroads (AAR) said.
The weekly logistics data is an important real-time measurement of chemical industry activity and demand. Railcar loadings represent about 20% of US chemical transportation by tonnage, with trucks, barges and pipelines carrying the rest.
Meanwhile, overall US weekly railcar loadings for the week ended 12 October in the freight commodity groups tracked by the AAR rose 0.1% year on year to 285,372 carloads.
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