Europe to Asia had the largest increase, climbing 7 points to 58.2, while Europe to the U.S. increased 3 points to 62.7. U.S. to Europe was up 0.7 points to 48.1 and the Asia-to-Europe lane slid 2 points to 52.6.

The report is based on responses from a monthly survey, completed by several logistics professionals. Questions regarding volumes they are currently experiencing, relative to the time of the year, and what they see coming up in the next six months are raised in the survey. The four trade lanes covered are Europe to Asia, Asia to Europe, Europe to the U.S. and the U.S. to Europe.

Based on respondent's answers, airfreight is improving while sea freight demand is falling. Airfreight volumes were strong in all trade lanes except Asia to Europe. In fact, current airfreight volumes are accelerating with May airfreight volume at 55.5, which reflects expansion for 11 consecutive months. Europe-Asia and Europe-U.S. were particularly strong, bolstered (in their view) by favorable currency swings.

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