Confidence in European air cargo improved slightly in April from the month before, but shippers and forwarders view most trade lanes connecting the continent as “persistently lackluster,” according to the Stifel Nicolaus Logistics Confidence Index.
The air cargo index, a monthly survey of global shippers and forwarders, rose in April to 44.7, up from 42.2 in March. Of the trade lanes connecting to Europe, participants were the most optimistic about shipments to the US, but it was the only lane in which confidence fell month-to-month, slipping 0.2 per cent.
The Europe-Asia tradelane saw the largest growth in confidence in April, rising 9.9 per cent from March. Optimism about the lane from US to Europe expanded 7.7 per cent in the same period, while confidence in the lane from Asia to Europe grew 7.1 per cent, according to the index created by Stifel Nicolaus and Transport Intelligence.