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Keep up to date with FATS news.
Forwarders get the push as carriers go direct
On January 1, Maersk and Hamburg Sud ceased to provide services to certain freight forwarders through named account contracts.
Durban port makes progress in decongestion initiatives
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.
‘Fuel breather unlikely to kick-start economic activity’
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,...
Retailer buys into last-mile delivery service
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%.
Omicron threatens easing of freight rates
The impact of vaccination rates will play a significant role in projected global economic growth in 2022, with predictions that it will slow to 4.3% from 5.7% this year on the back of a downward trend in the post-pandemic rebound.
AU adds voice to call for rescinding of travel bans
The African Union (AU) has added its voice to calls for the lifting of travel bans on southern African countries, most notably South Africa, following the emergence of the Omicron variant of Covid-19.
Some good news on schedule reliability front
With schedule reliability edging up slightly – but still well below acceptable norms – some analysts have said that for shippers price is sometimes secondary to the predictability of getting the product to market.
Logistics should be a key area of focus for South Africa’s agriculture
Logistics has always been the backbone of SA’s export-orientated agricultural sector, though it does not always get the level of attention it has received recently due to various disruptions.
Relief as SA dodges stricter lockdown bullet – for now
South Africans are sighing with relief this morning after President Cyril Ramaphosa’s lenient “family meeting” speech on Sunday night.
SA’s business confidence remains unchanged
After dropping from 50 to 43 points in the third quarter, the Business Confidence Index (BCI), compiled by Rand Merchant Bank and Bureau for Economic Research (BER), has remained unchanged in the fourth quarter of this year.