US oil rail volumes up 26.6% from a year ago, up 47.9% in first 26 weeks: AAR
Houston (Platts)--3 Jul 2013 220 pm EDT/1820 GMT
US rail transport of petroleum and petroleum products in the week ended Saturday totaled 13,417 cars, up 26.6% from the corresponding week of 2012, the Association of American Railroads said Wednesday.
In the first 26 weeks of 2013, petroleum product shipments totaled 355,933 carloads, 47.9% above the same period of 2012, the group said.
US railroads saw a 0.2% year-on-year decrease in total carloads originated in the week ended Saturday, with intermodal volumes falling 1.5%, AAR said. Intermodal traffic involves movement by more than one mode of transport -- rail, ship and truck.
Article continues below...
Request a free trial of: Oilgram News
Oilgram News brings you fast-breaking global petroleum and gas news on and including:
- Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports
- Supply and demand trends, government actions, exploration and technology
- Daily futures summary
- Weekly API statistics, and much more
Year to date, total US rail carloads originated are up 0.8%, with intermodal volume up 3.6%.
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 17.1% and total Mexican petroleum carloads rose 9.2% from the corresponding week of 2012.
In the first 26 weeks of the year, Canadian petroleum carloads were 23.9% higher and Mexico originated 13.4% more petroleum carloads, AAR said.
--Josh Brown, email@example.com
--Edited by Jason Lindquist, firstname.lastname@example.org