IHS Chemical Week

Regions :: Western Europe

Rapid Response

11:10 AM MST | February 23, 2009

The brutal situation in the industry continues as Asian and European firms weigh in with results that are just as distressed as that of their U.S. counterparts. The downturn, which accelerated quickly in late 2008, has been far more brutal and severe than anyone expected and its consequences could reshape industry. Early 2009 is, so far, a continuation of those late 2008 trends. Chemical railcar loadings through the first five weeks of 2009 are down 19% from year-ago levels. The hoped-for rebound in demand in January or early February has yet to occur. However...

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