Trade Resources Industry Views US Rail Transport of Petroleum and Petroleum Products Totaled 13,203 Cars

US Rail Transport of Petroleum and Petroleum Products Totaled 13,203 Cars

US rail transport of petroleum and petroleum products in the week ended Saturday totaled 13,203 cars, up 19.7% from the corresponding week in 2012, the Association of American Railroads said Thursday.

In the first 28 weeks of 2013, petroleum product shipments totaled 382,190 carloads, 46.2% above the same period of 2012, the group said.

US railroads saw a 1.3% year-on-year decrease in total carloads originated in the week that ended Saturday, with intermodal volumes rising 0.9%, AAR said. Intermodal traffic involves movement by more than one mode of transport -- rail, ship and truck.

In the year to date, total US rail carloads originated are up 0.8%, with intermodal volume up 3.5%.

Rail traffic is seen as a useful gauge of the health of the US economy.

In the most recent week, total Canadian petroleum carloads were up 4.7% and total Mexican petroleum carloads fell 11% from the corresponding week of 2012.

In the first 28 weeks of the year, Canadian petroleum carloads were 22.2% higher and Mexico originated 11.5% more petroleum carloads, AAR said.

Source: http://news.chemnet.com/Chemical-News/detail-2106488.html
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US Oil Rail Volumes up 19.7% From a Year Ago, 46.2% in First 28 Weeks: Aar
Topics: Chemicals