European Freight Forwarding Index slides

The European Freight Forwarding Index, published by Danske Bank, saw a decline in May to 63, from 67 in April, signifying a fall in the volume of goods handled by freight forwarders in Europe. The index was lower than the expected level for May, as estimated by participants in March. Freight forwarders in Europe expect […]


The European Freight Forwarding Index, published by Danske Bank, saw a decline in May to 63, from 67 in April, signifying a fall in the volume of goods handled by freight forwarders in Europe. The index was lower than the expected level for May, as estimated by participants in March. Freight forwarders in Europe expect demand to continue to weaken, as expectations for July fell to 62. The index, which surveys freight forwarding companies, measures variations in actual volumes against volumes handled two months prior, as well as expectations of volumes of goods over the next two months. The index uses a scale between 0 and 100, with values above 50 indicating an expansion in demand. The survey for May saw declines in volumes in all modes of freight, with air freight experiencing the largest fall and a contraction in demand; at 45 in May, down from 58 in March. Expectations also declined, although they remain just above the 50 mark, indicating a predicted expansion in volumes over the next two months compared with present levels. Road freight fell to 64, down from 70, although expectations showed positive developments for July. Sea freight remained almost stable, with demand at 67 in May, from 69 in April.