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Logistics Professionals Regaining Confidence

Though current performance remains weak, respondents to Transport Intelligence survey express confidence in longer-term prospects.

By John McCloud | Updated on May 27, 2009

WILTSHIRE, UK-Optimism is returning to the logistics market, according to a mid-May report from global logistics research firm Transport Intelligence. The firm’s most recent Global Logistics Business Confidence Index shows the level of confidence expressed by people in the industry worldwide rose from -26 in February to +4 in April.

“The rebound in confidence over the past month has been significant,” says TI chief executive John Manners-Bell. “It is too early to call an upturn, but…we should not be blind to the positive sentiment our Index reveals.”

At the same time, Manners-Bell notes that the index of current performance continued to weaken, dropping to -4.43 in April from +1.05 in March. He says the contrast between the performance and confidence indices represents a belief the economic downturn will not be long-lasting.

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