Another year of challenges awaits the transport industry which is sure to bring consolidation across the industry, resulting in some smaller operators falling by the wayside.
This is according to Toni Fritz, head of vehicle and asset finance, business and commercial at Standard Bank, who predicts that operational mergers, acquisitions and sub-contracting will strengthen as companies move to increase market share in a highly competitive and fragmented market.
Fritz also predicted that the shelf-life of fleets would be further extended and that normal replacement cycles would be delayed.
