Search
 

Survey: European Freight Improving

Danske Bank's survey of freight forwarders provides cause for optimism. May reading of 59 is up from 47 in April and 27 in March.

By John McCloud | Updated on May 13, 2009

COPENHAGEN-Answers from respondents to the latest Danske Bank survey of freight forwarders suggest the worst may be over for the European freight industry. The bank’s European Freight Forwarding Index for May registered at 59, the first time the figure went above 50 in 2009.

According to the report’s author, Danske Bank transport equity analyst Johannes Møller, the current index provides a clear indication that the recovery in the freight markets has begun. The index runs from 0 to 100, with values above 50 indicating business levels are improving. Previous readings were 46 in April, 27 in March and 28 in February.

The survey questioned 123 forwarders in Scandinavia, the UK, Germany and Eastern Europe, with respondents asked to compare current freight volumes to volumes two months earlier and to predict volumes two months in the future. The reading for two months forward was an even higher 60.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.