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Global Freight Volumes Suggest Continuous Uncertainty

The latest global freight data collected by the International Transport Forum at the OECD through June 2012 highlights continuous economic uncertainty:

  • External trade by sea and by air, measured in tonnes of goods moved, remains stagnant below pre-crisis levels; 
  • Diverging performance across European economies – Germany shows resilience; 
  • Dependency on Asia as the locomotive of global growth remains. Trade with Asia picks-up after signs of leveling off in the previous quarter; 
  • Road and rail freight in the EU area fall further while rail freight in USA and Russia grow above pre-crisis levels.