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European Cargo Volume Sees Big Jump

Danske Bank's Freight Forwarding Index up 15 points from August. All transport modes show improved performance.

By John McCloud | Updated on October 14, 2009

COPENHAGEN-European cargo volume rose in September, according to the most recent European Freight Forwarding Index from Danske Bank. The index rose to 65, up 15 points from the August reading.

According to the poll, which surveys 152 freight forwarders all across the continent, the increase held true for all transport modes. “We see a broad-based recovery when looking across both countries and [transport] segments,” the report says.

Though forwarders’ expectations fell slightly from 78 to 75, bank analysts point out they are still at a very high level. The reading indicates respondents expect volume to continue to improve in Q4.

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