Freight News, Logistics

Freight index falls below fifty

[ October 23, 2015   //   ]

The Stifel Logistics Confidence Index has fallen beneath the neutral 50 point mark for the first time since January 2013, its fifth consecutive month of decline in October. The situation for air freight was especially bad, declining by 3.2 points to 45.7. Weak emerging market growth, China’s financial crisis, and the Chinese shift towards domestic consumption were the main factors.
The six-month outlook for both air and sea freight fell at a lesser rate than that recorded in the September Index, falling by 1.8 points but was nonetheless 10.4 points lower than at the same point last year, and 9.9 points lower than in October 2013. More positive was the encouraging performance of shipments on routes from Europe to US. A growth trend was visible within both air and sea freight, and for the present and expected situations. The weaker Euro may have encouraged exports across the Atlantic.