Overall, industrial chemicals had a solid quarter.
Overall shipments increased 13% compared to the same quarter in 2016. This performance was driven by strong growth in petrochemicals, but all sub-segments showed increases.
Exports for industrial chemicals rose 1%. There were large differences among the sub-segments however. Petrochemicals saw a sharp rise in exports, while inorganic chemicals experienced a steep decline. Other organic chemicals showed good growth, while resins and rubbers were up slightly.
Industrial chemical industry GDP fell by 0.5% compared to Q4 of 2016.
The quarter-over-quarter change in rail car shipments was up slightly (0.3%).
Operating profits remained strong, coming in at $854 million