Freight Trends Global - Page 69 of 100 -

Air Freight East Africa

Ethiopian Airlines Leases Aircraft Amid Boeing Delivery Delays

August 31, 2024August 31, 2024 Constance Makungu

Ethiopian Airlines, Africa’s largest carrier, has been forced to lease aircraft to sustain its expansion plans due to delays from Boeing Co. in delivering new planes. Over half of Ethiopian Airlines’ fleet consists of Boeing models. CEO Mesfin Tasew Bekele revealed that the airline has been awaiting deliveries of 737 Max jets and 777 freighters since April. Boeing has not provided a new timeline for these deliveries, impacting the airline’s

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Southern Africa

Transnet Secures $284 Million Loan from BRICS Bank for Turnaround Plan

August 31, 2024August 31, 2024 Constance Makungu

South Africa’s state logistics company, Transnet, has obtained a 5 billion rand ($283.53 million) loan from the New Development Bank (NDB), established by the BRICS group of emerging economies. The South African government will guarantee the loan, announced by Director General Duncan Pieterse during a New Development Bank meeting in Cape Town. Transnet, which is grappling with approximately 130 billion rand in debt, has struggled with reliable freight rail and

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East Africa Ports & Terminals

Tanzania-DP World Partnership to Eliminate Container Fees and Reduce Port Costs

August 27, 2024August 27, 2024 Constance Makungu

Tanzania’s partnership with Dubai-based logistics giant DP World is set to bring significant cost reductions at the Dar es Salaam port, including the elimination of container demurrage fees. This move is expected to save the port approximately $600 million (Sh1.62 trillion) annually, according to Zanzibar Investment News. Plasduce Mbossa, Director-General of the Tanzania Ports Authority (TPA), announced that the typical $1,000 fee for delayed containers at the port has been

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Railway News

Canadian Govt Steps in to Halt Rail Strike and Prevent Economic Disruption

August 26, 2024August 26, 2024 Constance Makungu

Prime Minister Justin Trudeau’s government has taken action to resolve a work stoppage that halted operations at Canada’s two largest railways, Canadian National Railway Co. and Canadian Pacific Kansas City. The shutdown, which began just after midnight on Thursday, threatened to cause significant economic disruption. Labor Minister Steven MacKinnon announced on Thursday afternoon in Ottawa that the Canada Industrial Relations Board has been asked to impose binding arbitration between the

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Central Africa Ports & Terminals

British International Investment and DP World Commit $35 Million to DRC’s First Deepwater Port

August 25, 2024August 25, 2024 Constance Makungu

British International Investment (BII) and DP World have announced a $35 million investment to develop the Democratic Republic of Congo’s (DRC) first deepwater container port. This initiative continues their partnership, which began in 2021, and aims to modernize and expand port infrastructure across Africa, following similar projects in Senegal, Egypt, and Somaliland. The new port at Banana, situated on the Atlantic coast, will serve as the primary gateway for all

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Railway News

Mining Giants Turn to Trucks Amid Canadian Railway Disruptions

August 25, 2024August 25, 2024 Constance Makungu

Two major mining companies are rerouting shipments and increasing truck use in response to a Canadian railway stoppage that threatens to disrupt industry operations. Rio Tinto Group announced it will rely on trucking and enhance its use of its own railway between Quebec and Newfoundland and Labrador to transport raw materials. The company, which produces aluminum, iron ore, diamonds, and titanium in Canada, made the announcement via email on Thursday.

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Railway News Southern Africa

Southern Africa’s Railways Surge with Global Investment Amid Copper Boom

August 25, 2024August 25, 2024 Constance Makungu

Southern Africa’s railways are garnering international attention and attracting billions of dollars in investment, driven by the race to secure copper supplies essential for the energy transition. From Angola on the west coast to Tanzania on the east, governments and investors are poised to revive long-neglected rail lines and construct new ones. This surge in demand is largely fueled by the central African copperbelt shared by Zambia and the Democratic

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Ports & Terminals Railway News Southern Africa

Transnet Seeks Debt Relief as Freight and Port Services Struggle

August 22, 2024August 22, 2024 Constance Makungu

South Africa’s state-owned logistics company, Transnet, is requesting debt relief from the government as it attempts to repair its balance sheet and restore its freight rail and port capacities, according to the company’s chairman, Andile Sangqu, on Tuesday. Transnet is burdened with 130 billion rand ($7.30 billion) in debt and has faced difficulties in providing adequate freight rail and port services due to equipment shortages and maintenance backlogs, stemming from

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Central Africa Railway News Southern Africa

The US-Backed Railway and the New Era in African Copper Supply

August 22, 2024August 22, 2024 Constance Makungu

As global competition for critical minerals intensifies, the US-backed Lobito Corridor is poised to revolutionize access to African copper resources. This ambitious project, linking Angola to the mineral-rich Democratic Republic of Congo (DRC), challenges China’s dominance in critical mineral supply chains. With an estimated investment of $10 billion, the Lobito Corridor encompasses more than just railway construction. It includes roads, energy facilities, and telecommunications, fostering broader regional economic growth and

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Ports & Terminals Southern Africa

Port of Beira Reports 58% Surge in Container Handling Amid Strategic Upgrades

August 19, 2024August 19, 2024 Constance Makungu

Mozambique’s Port of Beira has experienced a 58% year-on-year increase in container handling between January and May 2024, moving 161,000 containers compared to 102,000 during the same period in 2023. This significant growth was reported by Jan de Vries, CEO of Cornelder de Moçambique, the concession company managing the port. According to Agência de Informação de Moçambique (AIM), the port’s general cargo terminal also saw a rise in activity, handling

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