South African rail freight growth will be just 0.6% in 2012, growth will average just 1.2% between now and 2016, according to new report
July 21, 2012
– Research and Markets (http://www.researchandmarkets.com/research/4q96hv/south_africa_freig) has announced the addition of the "South Africa Freight Transport Report Q2 2012" report to their offering.
BMI's projections for volume growth in South Africa's freight transport sector in 2012 are relatively bearish, sitting around the 1% mark for rail freight and throughput at the country's largest port in terms of tonnage volume, Richards Bay. Investments are being made in ports and rail infrastructure nonetheless, which will leave South Africa's freight transport sector well equipped to deal with future growth once the global economic situation improves.
Headline Industry Data
- Rail freight growth will be just 0.6% in 2012, and will remain low, averaging 1.2%, to 2016.
- Richards Bay Port's tonnage throughput in 2012 is forecast to increase by 1.2%. Over the medium-term we project a 1.5% average annual increase.
Key Industry Trends
New Operating System Will Help Durban Cope With Expansion
BMI believes that a dip in handling times at the Port of Durban, South Africa's primary container port, in 2011, caused by the introduction of a new port operating system, should be ironed out in 2012 as the port works in tandem with the system manufacturer to ensure the best results. While we acknowledge that the introduction of new technologies in ports can sometimes hit stumbling blocks, BMI believes that it is essential that container facilities continue to innovate if they are to compete on the world stage.
-Transnet Freight Rail (TFR)
- Deutsche Afrika-Linien (DAL)
For more information visit http://www.researchandmarkets.com/research/4q96hv/south_africa_freig
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