South Africa’s Transnet to trim freight rail network by 35%
South African state-owned logistics firm Transnet is set to reduce its freight rail network by around 35% as it deals with theft of cables utilised to run its electric trains and scarcity of locomotive parts, reported Bloomberg. The decision is also the result of inefficiencies triggered due to the firm’s monopoly status. It is expected to shorten the 12,427-mile rail network by 4000 miles in the country as the firm targets more profitable cargo loads...
South Africa’s Transnet to Shrink Rail Network by 4,000 Miles
- Company has been hobbled by locomotive shortages, cable theft
- Coal deliveries to main export terminal hit three-decade low
