Trade Resources Industry Views In The Year to Date, Petroleum and Petroleum Product Shipments Totaled 447,318 Carloads

In The Year to Date, Petroleum and Petroleum Product Shipments Totaled 447,318 Carloads

Tags: US Petroleum

Transportation of petroleum and petroleum products by rail in the US in the week that ended Saturday totaled 13,098 cars, up 19.6% compared with the year-ago period, the Association of American Railroads said Thursday.

In the year to date, petroleum and petroleum product shipments totaled 447,318 carloads, 42% above the same period of 2012, the group said in a weekly report.

US railroads saw a 2% year-on-year increase in total carloads originated in the week that ended Saturday, with intermodal volumes rising 3.7%, AAR said. Intermodal traffic involves movement by more than one mode of transport -- be it rail, ship or truck.

In the year to date, total US rail carloads originated are up 0.9%, with intermodal volume up 3.5%, AAR said.

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

In the most recent week, Canadian petroleum carloads were down 3.1% and Mexican petroleum carloads rose 10.6% from the corresponding week of 2012, AAR said.

Year to date, Canadian petroleum carloads were 17.3% higher and Mexico originated 9.3% more petroleum carloads, AAR said.

Source: http://news.chemnet.com/Chemical-News/detail-2137071.html
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US Petroleum, Products Rail Volumes Rise 19.6% Year on Year in Most Recent Week
Topics: Chemicals