{"id":32216,"date":"2024-07-04T09:12:35","date_gmt":"2024-07-04T09:12:35","guid":{"rendered":"https:\/\/ctrack.com\/?p=32216"},"modified":"2024-07-04T09:12:35","modified_gmt":"2024-07-04T09:12:35","slug":"may-2024-transport-and-freight-index-2","status":"publish","type":"post","link":"https:\/\/ctrack.com\/may-2024-transport-and-freight-index-2\/","title":{"rendered":"May 2024 Transport and Freight Index"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-bottom:20px;--awb-background-color:var(--awb-custom_color_2);\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1996.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-two\"><h2 class=\"title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:var(--awb-typography1-line-height);\">Recovery in the logistics sector continued in May, albeit at a slower pace<\/h2><\/div><div ><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:var(--awb-color1);--button_border_color:#002742;--button_accent_hover_color:var(--awb-color1);--button_border_hover_color:var(--awb-color1);--button_gradient_top_color:#002742;--button_gradient_bottom_color:#002742;--button_gradient_top_color_hover:hsla(var(--awb-color5-h),calc(var(--awb-color5-s) - 5%),calc(var(--awb-color5-l) - 10%),var(--awb-color5-a));--button_gradient_bottom_color_hover:hsla(var(--awb-color5-h),calc(var(--awb-color5-s) - 5%),calc(var(--awb-color5-l) - 10%),var(--awb-color5-a));\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/ctrack.com\/wp-content\/uploads\/2024\/07\/May24-Ctrack-Transport-Freight-Index.pdf\"><span class=\"fusion-button-text\">Download Detailed Index &#8211; May 2024<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>The Ctrack Transport and Freight Index (Ctrack TFI) increased in May to reach an index level of 125.6, an increase of 1.7% compared to April\u2019s level, and 2.5% above year-ago levels. This marks the third consecutive monthly increase in the index and an early signal that the transport sector\u2019s contribution to overall GDP could again move into positive territory in Q2. The sub-sectors of the index traditionally portray vastly different trends, reflecting the intertwined nature of the logistics sector and it was no different in May. On a monthly basis, three subsectors increased in May 2024, led by air freight (+5.5% m\/m) and the heavy weighted road freight subsector (+2.7% m\/m). Compared to a year earlier, five of the six sub-sectors increased during May, while only the pipeline transport sub-sector declined.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":8,"featured_media":32186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-32216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transport-and-freight-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>May 2024 Transport and Freight Index - Ctrack<\/title>\n<meta name=\"description\" content=\"Ctrack Blog and News | May 2024 Transport and Freight Index\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ctrack.com\/september-2023-transport-and-freight-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"May 2024 Transport and Freight Index - 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