No Peak Season In Sight For Air Freight Industry
No Peak Season In Sight For Air Freight Industry According to new weekly market data from industry analysts CLIVE Data Services, part of Xeneta, volumes declined -8% year over year (y-o-y) in October and offered no current signals to indicate an upturn in 2023, as y-o-y demand fell for the eighth consecutive month. This means […]
South African transport infrastructure needs to be prioritised, panel states
South African transport infrastructure needs to be prioritised, panel states Infrastructure in South Africa’s logistics sector needs to be a priority, alongside a regulatory framework that has a “no nonsense” approach to criminality, if the country’s roads, rail and transport industries are to thrive and be considered safe again, says professional body Railway Safety Regulator […]
Public pressure crashes Gauteng’s e-tolling system
Public pressure crashes Gauteng’s e-tolling system Public pressure and protests against e-tolling led to Finance Minister Enoch Godongwana’s effective scrapping of the system as a funding mechanism for the Gauteng Freeway Improvement Project (GFIP), civil society organisations said as they celebrated the victory for Gauteng motorists this week. Godongwana effectively ended e-tolls on Wednesday, tabling […]
Iata to trial CO2 emission calculator with Etihad
Iata to trial CO2 emission calculator with Etihad Together with Etihad Airways, the International Air Transport Association will test a CO2 emissions assessment tool specially created for cargo flights. The whole value chain, including shippers, forwarders, investors, and regulators, as well as customers, are looking for accurate and trustworthy data estimates in order to manage […]
E-Bikes proposed for carbon-zero last mile deliveries
E-Bikes proposed for carbon-zero last mile deliveries The use of e-bikes to deliver items for the last mile of e-commerce and for private transportation is how the world is heading toward green-energy-powered transportation. Co-founder of the South African non-profit Mobility Centre for Africa, Victor Radebe, highlighted the effect of e-bikes on the carbon footprint and […]
Business confidence in transport sector rebounds
Business confidence in transport sector rebounds South African business confidence in the transport and hospitality sectors rose during the third quarter of 2022, a new Bureau for Economic Research (BER) report has indicated. The BER report, released on Tuesday, showed that during the third quarter of 2022, business confidence in the other services sector remained […]
Improved transport services can boost intra-Africa trade
Improved transport services can boost intra-Africa trade African countries can increase the level of intra-continental trade, which now averages between 13% and 20%, simply by improving services, even if infrastructure is not immediately upgraded. This was the view of Mike Salawou, Director of the Infrastructure and Urban Development Department of the African Development Bank, Côte […]
An Increase In Demand For Bulk Commodities Expected
An Increase In Demand For Bulk Commodities Expected Despite ongoing global economic risks, demand for bulk commodities is expected to rise throughout the rest of the year and well into 2023. The market has been in turmoil since the Covid-19 outbreak, according to Niels Rasmussen, chief shipping analyst for the international shipping group Bimco. While […]
Freight Costs to Blame for Spike in Global Inflation, Not Oil – Botha
Freight costs to blame for spike in global inflation, not oil – Botha Ever since global inflation started heading north at an alarming rate, much of the conventional wisdom on the causes of this trend has pointed to energy prices, especially gas, oil and petroleum, says Dr Roelof Botha, economic adviser to the Optimum Investment […]
Transnet Unveils Plan For New Port and Rail Network
Transnet unveils plan for new port and rail network Transnet is forging ahead with several property developments, including a new deepwater port and rail network to serve the country’s proposed new Boegoebaai hydrogen production hub and mines in the Northern Cape. Transnet National Ports Authority (TNPA) on Thursday issued a Request for Qualification (RFQ) for […]
Ocean Freight Rates Dropping
Ocean Freight Rates Dropping According to a survey done by Freightos, one of the findings was that although ocean freight rates have fallen significantly in the last few months, prices are still about 6.5 times higher than in June 2019. As at the end of June this year, the cost per container was $8,934 from […]
Eastern Cape port investment should foster auto sector expansion – AIDC EC
Eastern Cape port investment should foster auto sector expansion – AIDC EC The Automotive Industry Development Centre Eastern Cape (AIDC EC) says it applauds Transnet National Port Authority’s (TNPA’s) announcement that it will inject R9.1-billion into its three Eastern Cape ports over the next seven years. AIDC EC CEO Thabo Shenxane says the centre, as […]
Forget basic income grants, fix roads and dysfunctional municipalities instead
Forget basic income grants, fix roads and dysfunctional municipalities instead Without fixing dysfunctional municipalities, dangerous roads full of potholes and reducing reliance on Eskom, South Africa can forget about meaningful economic growth, says former finance minister Tito Mboweni. Speaking at the PSG annual conference in Sun City on Wednesday, Mboweni said even though SA’s economy […]
Fuel levy lowered by R1.50/litre until end of May
Fuel levy lowered by R1.50/litre until end of May The general fuel levy will be cut by R1.50 per litre from Wednesday next week to 31 May 2022, Finance Minister Enoch Godongwana announced on Thursday.This will reduce the levy for petrol from R3.85 per litre to R2.35 per litre. The levy on diesel will be […]
4 Key Air Cargo Trends to Watch in 2022
4 Key Air Cargo Trends to Watch in 2022 Following the Covid-19 outbreak, we have seen air cargo enjoy a substantial uptick in activity. Despite the collapse in passenger travel globally, many airlines had to shift their operation strategies to remain functional. This involved increasing their ability to offer air cargo services to support global […]
From bread prices to petrol: How a war in Ukraine could hit SA pockets
From bread prices to petrol: How a war in Ukraine could hit SA pockets The conflict in Ukraine might be geographically far removed from South Africa, but its ripple effect might soon be felt by local consumers. If the Russian invasion of Ukraine – described by some as the darkest hour for Europe since World […]
Oil could hit $130 a barrel as war in Ukraine rages on
Oil could hit $130 a barrel as war in Ukraine rages on A global energy crisis, which could see prices surge at the fuel pumps, looms as the threat of growing military conflict in Ukraine rises after Russian troops and tanks crossed its borders yesterday. Rystad Energy CEO, Jarand Rystad, warned of a looming “global […]
Protect your Business from Supply Chain Disruptions in 2022
Protect your Business from Supply Chain Disruptions in 2022 Supply chain disruptions can come in many forms, such as the global pandemic, fire, political upheaval like looting, or even infrastructure issues such as load shedding. These disruptors interrupt your supply chain operations and require detours that will cost you money, time, and headspace. According to […]
Industry welcomes Aarto victory
Industry welcomes Aarto victory The Administrative Adjudication of Road Traffic Offences Act (Aarto) was both ‘unconstitutional and invalid’ the Pretoria High Court ruled on Thursday. It ruled that both the Aarto Act and the Aarto Amendment Act were unconstitutional and ordered the first and third respondents, the minister of transport and the Road Traffic Infringement […]
It’s Time to Decarbonize Shipping
It’s Time to Decarbonize Shipping As the world’s GDP keeps growing, so does shipping’s carbon footprint. Now is the time to decarbonize shipping if we want to save our planet! While the shipping industry transports 90% of the world’s trade, it is also responsible for contributing nearly 3% of global emissions. This is just more […]