Importers and Exporters face a challenging environment due to port congestion in South Africa.
Importers face a challenging environment due to port congestion in South Africa. South African Port Congestion
Bumpy ride ahead for air cargo
Bumpy ride ahead for air cargo Airfreight operators are being warned to brace themselves for a challenging year ahead, as analysts predict that 2023 could be a bumpy ride for the industry. Despite a slight recovery in the latter part of 2022, the global airfreight market continues to face significant turbulence, with capacity outpacing cargo […]
Bolt to invest over R9.6bn in Africa for further expansion
Bolt to invest over R9.6bn in Africa for further expansion Mobility app Bolt has announced plans to invest €500m ($9.bn) in its operations on the continent over the next two years. The funds will be used to expand Bolt services in Africa and create opportunities for over 300,000 new drivers and couriers to join the […]
African airlines see cargo volumes decline by 9.5%
African airlines see cargo volumes decline by 9.5% The International Air Transport Association’s (Iata) latest released data for January 2023 on global air cargo markets show that air cargo demand declined as economic headwinds persist. Global demand, measured in cargo tonne-kilometres (CTKs), fell by 14.9% compared to January 2022 (-16.2% for international operations). Capacity (measured […]
Container production to slow amid oversupply
Container production to slow amid oversupply Maritime and shipping industry research and consulting service Drewry has predicted a decline in the production of shipping containers for the second consecutive year. The decline follows a massive drop in container production in 2022 due to sluggish growth in consumption caused by increasing consumer prices. However, the sector […]
Sluggish demand causes Chinese exports to stay low
Sluggish demand causes Chinese exports to stay low The shipping industry in China and Southeast Asia is facing a challenging period, with dropping container rates and weak demand caused by global inflation and restricted demand. The long-term forecast for the shipping industry is uncertain, with low consumer demand in northern Europe and slow market pickup […]
Big fuel price hike expected in March
Big fuel price hike expected in March A higher global oil price and a weaker rand could lead to yet another fuel price increase in March, economists have warned. Bureau for Economic Research (BER) economists flagged the likelihood of rising fuel prices on Monday, noting that a move by Russia to cut oil production in […]
Ramaphosa’s investment czar says South African infrastructure in dire state
Ramaphosa’s investment czar says South African infrastructure in dire state The head of South African President Cyril Ramaphosa’s infrastructure and investment office warned that the nation’s power, rail and water reticulation systems are in a dire state and that fixing them will take years even if immediate action is taken. In a paper entitled South […]
Africa Well Placed To Take Advantage Of Demand
Africa Well Placed To Take Advantage Of Demand According to Simon Flowers, chairman and chief analyst at Wood Mackenzie, the protracted energy crisis has highlighted the global economy’s reliance on fossil fuels. “Much has happened in the global economy over the past 12 months. Oil prices have all but doubled and gas prices in Europe […]
Container Shipping Rates Still Sinking With No Sign Yet Of Market Floor
Container Shipping Rates Still Sinking With No Sign Yet Of Market Floor As the year draws to a close, and ongoing declines in the Asia East Coast lane – as well as weakness in other trades such as Asia-North Europe – global composite indexes are continuing to sink. So much for the assumption that container […]
Transnet Boost Local Manufacturing Capacity
Transnet Boost Local Manufacturing Capacity It’s peak season and everything will be arriving for December’s shopping influx, paired with that, it is also Black Friday month, so there will be a mad rush all around. With Transnet slowly getting back to normal and having their normal workforce back at work, MSC shipping line won a […]
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 […]
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 […]
Supply Chain Changes in the 2nd Half of 2022
Supply Chain Changes in the 2nd Half of 2022 While the first half of the year has seen its share of new and continued disruptions, we take a look at five growing trends that will impact global manufacturing in the second half of the year. China The months-long shutdowns of Shanghai and Beijing had a […]
Upcoming Trends in Commercial Drone Usage
Upcoming Trends in Commercial Drone Usage Drone technology has become more accessible and is rapidly being adopted by the private and commercial sector to improve operations and increase efficiency. The drone services market is expected to reach over $60 billion by 2025. Not only has the usage of drones increase, but also the way in […]
