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Freight confidence slips
[ February 19, 2014 // Chris ]Short term worries helped pull down the latest overall Stifel Logistics Confidence Index, said joint publishers Transport Intelligence (Ti) on 18 February.
Although the economic outlook for 2014 is expected to be bright, it igot off to a slow start with the overall Logistics Confidence Index slipping 0.6 points to 56.0, the second consecutive monthly decline.
The overall sea freight logistics confidence index fell 1.1% with overcapacity and erratic rates. However, compared to same period for 2013, China to Europe average rates were 19.2% higher at the end of January 2014.
There also seems to be uncertainty over how the P3 Alliance and the mooted Hapag-Lloyd CSAV merger will affect the market.
The confidence index for air also noted a decline, slipping 0.2 points, with almost all trade lanes recording declines except for US to Europe which showed a 0.8 point rise.