Engineering News

Key measure of U.S. chemical demand climbs-survey
Thu Aug 24, 2006 2:06pm ET

NEW YORK, Aug 24 (Reuters) - Chemical shipments on U.S. railroads rose last week, according to data from the Association of American Railroads (AAR) on Thursday.

Chemical shipments on trains, called rail car loadings, are a key measure of demand for products ranging from plastics to fertilizers.

For the week ended Aug. 19, chemical rail car loadings totaled 29,596, up 1 percent from a year earlier.

The slight rise in shipments followed a year-on-year fall of 1.9 percent in the prior week and a 7.1-percent increase the week before that.

Rail shipments often provide an early glimpse of broader trends for both the chemical industry and manufacturing, according to analysts.

Comparisons to last year will become easier in the coming months because farm chemical demand is fading with the end of the North American growing season, analysts have said.

In the first half of this year, farm chemical demand was much weaker versus 2005 because record energy prices pushed up costs for farmers.

In addition, demand in the second half of 2006 could be much higher since massive damage from hurricanes suppressed demand last summer, analysts have said.

Still, rail car loadings year-to-date were down 2 percent to 976,032 from levels a year ago, according to the weekly data from AAR, a leading railroad trade association.

Rail car loadings represent about 21 percent of chemical volumes by tonnage. Trucks, barges and pipelines carry the rest.

Source: Reuters

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home