Moderate Confidence, Tapering Rapidly

A new Global Logistics Business Confidence Index conducted in February 2009 shows most respondents describe the markets where they operate to be “moderate” to “strong.” That view changes looking out three months and even more at the 12-month mark.

UK-based Transport Intelligence announced the results of its first Global Logistics Business Confidence Index comprised of over 500 responses from logistics professionals around the world. The index, which will be examined monthly, is designed to provide an indication of the strength of the industry and a valuable tool in assessing when the industry will come out of recession, says Transport Intelligence.

Perhaps a little surprisingly, the Index showed respondents are still confident about the present state of the industry. The Index for industry confidence stands at 6.4. (Any result above 0 is positive, with a range from +100 to -100.)

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