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Freight confidence gathers pace
[ September 22, 2014 // Chris ]The Stifel Logistics Confidence Index increased at its fastest pace in September, climbing 3.5 points from August to 59.2, reports consultants Transport Intelligence (Ti). The gains reflect increasing confidence in the global economy.
The overall airfreight logistics confidence index improved 2.9 points to 55.7. The expected situation increased 3.7 points to 58.4 while the present situation increased 2.1 points to 53.0. By trade lane, results were mixed for the present situation with the US lanes declining 2.8 from Europe and declining 0.1 to Europe, but Asia to Europe increasing 8.1 points to 59.6. Ti speculates that this might be because of the recent Apple iPhone 6 announcement? Rumors are that the company bought quite a bit of air cargo space to block out capacity for competitors.
The overall seafreight index increased 4.2 points to 62.7. The expected and present situations increased over 4.0 points as well. All trade lanes reported positive gains for the months but Asia to Europe noted the biggest increase for both expected and present situations, 5.6 and 6.2 point gains to 69.2 and 66.5 respectively.
