'Dead cat bounce' – or a sign of hope – for air cargo carriers?
A contraction in global manufacturing in November is expected to keep short-term air freight demand low ...
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By Alex Lennane
Forwarders appear to be losing confidence over the next six months as concerns in Europe dragged down the continent’s Stifel Logistics Confidence Index. While the overall February results were up 0.3 points on last year and 3.8 points over 2013, the outlook was less certain. In sea freight, the six-month outlook fell 2.5 points – and all tradelanes declined. While those in air freight don’t appear to be getting more glum, they weren’t too happy to begin with. There was no change in the six-month outlook, and the Europe-Asia lane now stands at just 44.7, the lowest point since September 2013 when it fell to 42.4.
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