source:[1] FTR’s Shippers Conditions Index shows modest growth - logisticsmgmt.com (https://www.logisticsmgmt.com/article/ftrs_sh ...)[2] Shanghai International Airport's Passenger, Cargo Throughput Rises in November - marketscreener.com (https://www.marketscreener.com/news/shanghai- ...)[3] 2026 European Distressed Outlook: Defaults to decline, but workouts get tenser - PitchBook (https://pitchbook.com/news/articles/2026-euro ...)