According to the Stifel Nicolaus Logistics Confidence Index, shippers and forwarders believe better prospects for European trade lanes are coming.
The overall index increased 0.8 points to 48.8 from 48.0 in the last month of 2012. It is a monthly survey of the expectations for the current and future business of international shippers and freight forwarders by Transport Intelligence. The increase was driven by increased optimism among the European ocean freight forwarders. The ocean freight index increased 1.8 points to 46.6 in the first month of 2013.
Survey respondents expect volumes to improve for 2013. In January, both ocean and air forwarders expressed slightly more optimism surrounding the six-month outlook compared with December. For air freight, the logistics expectations index increased 0.4 points to 52.0, while for sea freight the index was up 1.7 points to 56.9.