Freight forward index shows positive signs

Last week’s index, which monitors freight forward volumes, rose above 50 for the first time since being launched four months ago, indicating that freight forwarders are handling more volume than they did two months ago.
Copenhagen-based transportation equity analyst Johannes Mller said: “We see this as a clear sign that the recovery in the freight markets has begun.”
“On the expected situation, the index remains around 60 and our interpretation of this is that we will see a gradual recovery of volumes during Q2.
“There will be no sudden major pickup in volumes, but it is more likely to be a gradual recovery.”
More than 120 freight forwarders across continental Europe say that they now have more seasonally adjusted volume in their business than they had two months ago.
Respondents were asked two questions: what volume of goods does your company handle today compared with two months ago; and how do you expect volumes of goods to develop over the next two months.
The answers were adjusted for normal seasonality.