Canada chem railcar traffic rises for eighth straight week

07 November 2013 19:17 Source:ICIS News

(updates with Canadian and Mexican rail shipment data)

HOUSTON (ICIS)--Chemical shipments on Canadian railroads rose by 10.6% year on year to 10,884 loadings in the week ended 2 November, marking their eighth increase in a row, according to data released by a rail industry association on Thursday.

In the previous week, ended 26 October, Canada's chemical railcar loadings rose by 6.1% year on year. From 1 January to 2 November, shipments were up 8.1% to 497,376, 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 16.7% year on year to 1,071. From 1 January to 2 November, they were up 5.7% to 58,889.

US chemical railcar traffic rose by 5.3% year on year to 30,095 loadings in the week ended 2 November, marking its fourth weekly increase in a row. From 1 January to 2 November, US chemical railcar traffic was up 0.4% at 1,310,775 loadings.

Meanwhile, overall US weekly railcar loadings for the week ended 2 November in the freight commodity groups tracked by the AAR rose 5.1% year on year to 292,398 carloads. Overall weekly Canadian loadings rose 6.8% to 83,000, while overall Mexican loadings fell 0.4% to 14,281.

By Stefan Baumgarten