Transnet arrests trend of falling freight rail volumes - for the first time in 5 years

Transnet is making progress in recovering its rail freight business, coming close to meeting its revised targets for 2023/24, but ports will continue to "limp along" until more equipment is procured, the company said at a media briefing on Friday. 

Transnet's new board, which came into office in July last year, revised its rail freight targets from 183 million tonnes for 2023/24 to 154-170mt in October last year. At the end of the financial year on 31 March, it recorded volumes of 151.7mt.