Following four consecutive monthly contractions, the Ctrack Transport and Freight Index defied expectations to record growth during October. At an index level of 120.7, the Ctrack Transport and Freight Index is tracking 2.8% above year-ago levels. While the improvement at the start of the fourth quarter is encouraging, a note of caution is appropriate as the strain that has been evident across multiple sub-sectors in recent months has not disappeared and, in some instances, is expected to escalate during November. However, the positive growth in the overall index during October showcases the interdependence and intertwined nature of the logistics sector, where the underperformance in one sub-sector typically leads to growth in another.
