Wednesday, August 27, 2014
Logistics survey indicates positive present for sea freight, less optimistic future
Certain global logistics trends emerged in the latest Stifel Logistics Confidence Index survey, which marked a dip of 0.4 points for an overall reading of 55.7, according to Transport Intelligence.
While the "present situation" category remained positive, gaining 1.2 points from July to 53.5, TI said the "expected situation" for the next six months dropped 2.0 points to 57.9.
This decline was mainly due to responses about airfreight expectations, which declined 3.3 points to 54.7. The sea freight expectation component declined 0.7 points to 61.0. Even though uncertainty in the global market is influencing the freight forwarding market, this month's unique question may suggest another possible trend may be influencing this market.
The overall Sea Freight index increased 0.7 points to 58.5, due to a strong rise in confidence regarding the "present situation," said TI, which gained 2.2 points for the month. Three lanes noted increases while the U.S.-to-Europe lane remained unchanged from July.
Sea Freight's "expected situation" declined 0.7 points to 61.0, and Stifel says the outlook still remains good despite mixed results from trade lanes. The Asia-to-Europe "expected situation" declined the most for the month, down 3.0 points to 63.6, while U.S.-to-Europe realized the biggest gain at 1.5 points to 59.2.
Those surveyed were asked if they have converted any airfreight to sea freight and/or ocean freight to airfreight in the past 12 months. The results, according to TI, indicated that 48 percent had indeed converted some airfreight to ocean freight while 38.7 percent indicated some shift from sea freight to airfreight.
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