U.S. chemical rail shipments rise -report
Thu Mar 29, 2007 6:15pm ET
NEW YORK, March 29 (Reuters) - Chemical shipments on U.S. railroads rose by 8.3 percent last week, according to a report from the Association of American Railroads.
Chemicals shipments on trains, called rail car loadings, are a measure of demand for products ranging from plastics to fertilizers.
For the week ended March 24, chemical rail car loadings rose to 31,226 from 28,828 in the year-ago period, the AAR said.
The figures often provide an early glimpse of broad trends for the chemical industry as well as manufacturing, according to analysts.
The weekly data also showed that rail car chemical loadings had risen by 1.5 percent for the year to date versus the corresponding period in 2006.
Rail car loadings represent about 21 percent of chemical volumes by tonnage. Trucks, barges and pipelines carry the rest.
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