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.