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The perishables market is seeing new headwinds as a shortage of reefer equipment persists. Consequently, reefer freight rates are reaching a new high, and some perishable products are being priced out as the transportation cost exceeds their selling price.
KwaZulu-Natal Premier Sihle Zikalala described the progress made in the R72-million upgrade of Mkhuze Airport on Tuesday as “a welcome booster shot” for the provincial economy.
Airfreight rates out of China to leading international destinations have fallen 30% since their December 13 peak of $15.13 per kilogram.
Shippers who were hoping for a smoother cargo flow this year will have to think again.
Last week, the Malaysian Competition Commission announced that it has fined three ro-ro operators $520,000 for conspiring to fix fares from Peninsular Malaysia to Langkawi, an island community at the western end of the Strait of Malaka.
Congestion at the ports of Durban and Cape Town is causing frustration for transporters and other port users who have called on Transnet Port Terminals (TPT) management to take urgent action as staff shortages and equipment breakdowns continued to impact operations at both ports this week.
On January 1, Maersk and Hamburg Sud ceased to provide services to certain freight forwarders through named account contracts.
The Port of Durban is making strides to reduce congestion and improve efficiency after the implementation of the mandatory truck booking system and recent commissioning of new straddle equipment.
Consumers can breathe a sigh of relief when the lower fuel price kicks in at midnight, but the benefit of cheaper fuel wouldn’t lead to increased economic activity after the holidays, economist Dawie Roodt said on Tuesday. Minister of Mineral Resources and Energy,...
Mirroring a growing trend worldwide of retailers ‘owning’ the last mile of their home delivery capabilities, retail giant the Shoprite Group has entered into a joint venture with its existing Checkers Sixty60 logistics partner, the RTT Group, in which both parties will own 50%.