UpdateCanada chemical railcar traffic rises for 12th straight week

05 December 2013 17:54  [Source: ICIS news]

(updates with Canadian and Mexican rail shipment data)

HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 6.7% year on year to 11,410 loadings in the week ended 30 November, marking their 12th increase in a row, according to data released by a rail industry association on Thursday.

In the previous week, ended 23 November, Canada's chemical railcar loadings rose by 18.7% year over year. From 1 January to 30 November, shipments were up 8.3% to 541,843, 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 5.4% year on year to 1,335. From 1 January to 30 November, they were up 5.1% to 64,014.

US chemical railcar traffic fell 16.0% year over year to 26,663 loadings in the US Thanksgiving holiday week ended 30 November.

In the previous week, ended 23 November, US chemical car loadings rose 19.6% year over year as the 2012 comparison week included Thanksgiving. From 1 January to 30 November, US chemical railcar traffic was up 0.4% at 1,426,834 loadings.

Meanwhile, overall US weekly railcar loadings for the week ended 30 November in the freight commodity groups tracked by the AAR fell 16.3% year over year to 255,628 carloads. Overall weekly Canadian loadings rose 0.9% to 79,716 and overall Mexican loadings rose 4.0% to 15,718.

By: Stefan Baumgarten
+1 713 525 2653

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