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Up-down-up for freighting index
[ April 19, 2016 // Chris ]The April edition of the Stifel Logistics Confidence Index returned to the trend of month on month improvements seen in January and February, despite a dip in March. Nonetheless, warn the index’s publishers, Ti, structural issues within both the air and sea freight industries remain, with global economic performance offering few consolations.
The index for sea freight remained unchanged at 45.3, kept in balance by a weak improvement in the current situation, and a weak decline in the expected situation.
The picture is not much better in air freight, with IATA’s release of February volume figures showing the second month of 2016 down against the previous year by 5.6%. According to the organization, this represents the greatest year on year decline in three years, though this was largely derived from exceptionally strong volume figures in February 2015, a product of the West Coast port strikes in the US at the time.