Recovery in the logistics sector continued during April 2024

After declining notably in the first two months of the year, the Ctrack Transport and Freight Index (Ctrack TFI) increased in March and April to reach an index level of 123.4, an increase of 2.8% compared to March’s level, and 1.5% above year-ago levels. Except for the two sub-sectors (sea freight and storage & warehousing) that declined, activity in all other sub-sectors advanced on a monthly basis, led by notable increases in air freight and road freight. Similarly, compared to a year earlier, four sub-sectors increased during April, while only the road freight and pipeline transport sub-sectors declined.