The latest global freight data collected by the International Transport Forum continues to indicate macroeconomic stagnation.
While weak performance of road and rail freight in the EU-27 and the USA indicate weak domestic demand, developing economies show resilience with Asia and the BRIC region taking the lead, the report says.
“Inland transport by rail and road continue to reflect the sense of weak recovery in domestic demand, especially in the EU area and the United States. Road freight within the EU area continues to recover only slowly, with the volume still 8 per cent below the pre-crisis peak, according to our seasonally adjusted data.”