Transnet Rail is
beginning to reap the
rewards of its turnaround
strategy. The rail utility
has recorded a 12% year
on year increase in
container volumes, with
a healthy outlook for
the year ahead, TFR CEO
Siyabonga Gama told
FTW last week.
Shanghai Containerized Freight Index (SCFI) spot rates collapsed on Pacific trade routes with a sharp decline of 31% to the US West Coast and 23% to the East Coast.