Transnet CEO Fears Major Job Losses in Trucking Industry After Road Demand Fades

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 50%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

South Africa’s surge in trucking that’s emerged largely due to higher coal prices and train bottlenecks may lead to catastrophic job losses in the road transport sector when factors ease, according to the head of the state-owned port and rail company.

The logistic problems faced by Transnet SOC Ltd. — from locomotive shortages to vandalism — have forced miners to choose the more expensive option of trucking commodities to the coast to take advantage of higher prices.

That raises concern over what will happen to truck owners in the wake of lower commodity prices and as rail operations improve, Transnet SOC Ltd. Chief Executive Officer Portia Derby said at a Bloomberg event in Johannesburg. Operators in the sector need to start earnest talks and establish a model that will include truckers long-term.

Trucks carrying coal and other commodities sit in queues that stretch for miles to the Mozambican border and crowd ports along the coast. The onslaught of traffic in rural areas and towns has created safety issues for the communities as well as drivers. “We certainly need to get more more freight off the roads and back on the rail straight to port and in a very streamlined manner,” Chiedza Madzima, head of operational risk research for BMI-Fitch Solutions, said at the event.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 83. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Iran’s surging oil exports a major concern for OPEC’s market controlDescription
ソース: CanadiansInvest - 🏆 53. / 59 続きを読む »