17 October 2013 20:08 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 13.2% year on year to 11,413 loadings in the week ended 12 October, marking their fifth increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 5 October, Canada's chemical railcar loadings rose by 6.6% year on year. From 1 January to 12 October, shipments were up 7.9% to 463,548, 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 10.8% year on year to 1,248. From 1 January to 12 October, they were up 7.8% to 55,485.
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.
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.
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. Overall weekly Canadian loadings rose 11.0% to 85,258 while overall Mexican loadings fell 7.2% to 13,820.
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