Transnet plans to cut network by 35%
CEO Portia Derby says South Africa’s state-owned freight operator needs to reduce the size of its 20,000km network and focus on more profitable traffic.
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CEO Portia Derby says South Africa’s state-owned freight operator needs to reduce the size of its 20,000km network and focus on more profitable traffic.
Transnet will be engaging with the private sector to help encourage investment and growth in TFR intermodal freight business..
South Africa’s policy to open up its rail freight network to third-party operators has had a troubled start, as Phillippa Dean reports.
While the state-owned freight, rail and logistics company managed to generate a profit of R159-million, its rail operations continue to be unreliable for the mining sector, causing harm to the economy. While much of the attention is on Eskom’s debt problems, Transnet has its own.
South Africa's state-owned freight operator Transnet has conditionally awarded Traxtion Sheltam paths to operate between Kroonstad and East London.