09 January 2014 19:27 [Source: ICIS news]
HOUSTON (ICIS)--US chemical railcar traffic rose by 13.0% year on year to 29,271 loadings in the week ended 4 January, according to data released on Thursday by a rail industry group.
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.
Overall US weekly railcar loadings for the week ended 4 January in the freight commodity groups tracked by the Association of American Railroads (AAR) rose by 2.1% to 246,846 carloads.
Canadian chemical railcar traffic rose by 1.5% year on year for the week to 9,809 carloads. Canadian chemical producers rely on rail to ship more than 70% of their products, with many relying exclusively on rail.
Mexican chemical railcar traffic fell by 0.2% for the week to 1,169.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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