31 October 2013 17:43 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 6.1% year on year to 11,440 loadings in the week ended 26 October, marking their seventh increase in a row, according to data released by a rail industry association on Thursday.
In the previous week, ended 19 October, Canada's chemical railcar loadings rose by 14.5% year on year. From 1 January to 26 October, shipments were up 8.0% to 486,492, 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 8.4% year on year to 1,233. From 1 January to 26 October, they were up 6.2% to 57,818.
US chemical railcar traffic rose by 3.7% year on year to 29,874 loadings in the week ended 26 October, marking its third weekly increase in a row. From 1 January to 26 October, US chemical railcar traffic was up 0.3% at 1,280,680 loadings.
Meanwhile, overall US weekly railcar loadings for the week ended 26 October in the freight commodity groups tracked by the AAR rose 3.6% year on year to 297,455 carloads. Overall weekly Canadian loadings fell 5.1% to 77,404 while overall Mexican loadings rose 6.5% to 15,491.
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