Any European Freight Growth on the horizon yet ?
 

We hear a lot about recession in Europe, and then the promise of the green shoots of recovery, but are any European based dedicated Freight Airlines, or Self Loading Freight Carriers with underfloor hold Freight Capacity, in the Region, seeing a growth in Freight Loads yet ?
Where/when could we forecast that the Freight recovery will first start in Europe ?
Does anyone feel that we could all (albeit perhaps slowly) begin to talk ourselves out of recesion by the following route:-
• We all need to gain more optimism about long term employment prospects and related incomes
• Then, we may all start to buy more goods,
• The goods need transportation
• The Freight Industry Benefits

well, the good news is that global totals all months since Feb are showing positive growth month-on-month (adjusted for working days, seasonality etc)

the bad news is that year-on-year is still about 10% down

and frankly, even if year on year (monthly) starts to show positive that's from the perspective of minus 20/25% a year ago...
e.g. if you start to see 10% growth by November then...
2007 = 100, 2008 = 75, 2009 = 82.5 which is stall awful, just not quite so awful.

but the financial types will only see the "plus 10%"