U.S. shipper “confidence” weakens says Stifel Index

The Stifel Logistics Confidence Index saw a fourth consecutive month of decline in September. While the Index, at 51.5, remains above the neutral 50 mark, times may be gloomier that the numbers alone suggest, contend analysts at the London-based consultancy, Transport Intelligence (Ti).

Not only has the Index reached its lowest point in some 26 months, it also recorded its fastest pace of decline since June 2014, a 2.6 point loss against the 54.1 recorded in August. September’s most concerning figure comes from the Logistics Situation Index – at 49.4, the index indicated an erosion in confidence, likely based on a combination of China’s slowing economy, general weakness in emerging markets and tepid global trade.

Perhaps more pressing on the agenda of the industry, though, will be the six-month outlook – a fall of 3.3 points brought the Logistics Expectations Index to 53.6, representing a loss of 9.6 index points in the last four months alone.

Indeed, the picture painted by the future-gazing Index gets even worse when expectations for the sea freight market are examined. The loss of 3.5 index points in a month put the Logistics Expectations Index for sea freight at 52.9, a mark some 12.2 points below the confidence levels of September 2014.

Combined with a