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South Africa’s Vehicle Exports Rise in August 2023
August exports of motor vehicles rose substantially compared to the equivalent month last year. Exports were up by 10 405 vehicles, which is 33.5% higher than August 2022. Vehicle exports for the year to date are over 12.4% ahead of the same period last year.
Embracing Diversity: Women Making Strides in the Logistics Industry
The logistics industry, once dominated by men, is witnessing a remarkable shift as women break barriers and drive positive change. This month, we celebrate the extraordinary women who are making their mark in this traditionally male-dominated field. However, the path to gender equality in logistics is not without its challenges. In this post, we delve into the barriers women face, the emerging gender-neutral trends in the industry, the role of technology and automation in fostering gender neutrality, and the unique challenges that lie ahead for women in logistics.
Schedule reliability continues to trend upwards
Global schedule reliability has continued to improve month-on-month (m-o-m) according to the latest issue of the Global Liner Performance report published by maritime consultancy Sea-Intelligence.
Inflation slows to 13-month low
Headline consumer inflation cooled for a second consecutive month in May to 6,3% from 6,8% in April, Statistics South Africa has reported.
Figures reflect sharp decline in carriers’ Ebit in Q1
The dramatic decline in shipping lines’ earnings before interest and taxes (Ebit) in Q1 reflects the fast-normalising trade pattern of the past few months.
Major importer’s despair as carriers bypass Durban
A major South African importer has criticised the Port of Durban for its “notorious” poor performance and congestion woes, noting that some lines are now bypassing the harbour.
Exporters warned to prepare for port delay replay
2022 is likely to see a replay of last year’s serious port disruptions – and exporters have been warned to be aware and be prepared
High Container Rates Are Bringing Classic Reefer Ships Back Into Style
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.
Good progress on construction of Mkhuze Airport
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 ex China trending down – for now
Airfreight rates out of China to leading international destinations have fallen 30% since their December 13 peak of $15.13 per kilogram.