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Indiaexportnews.com

South African puts on more box trains

  01.09.2009    

South Africa's Transnet Freight Rail (TFR) has increased container train frequency from six to 16-22 trains a day in July over June.
TFR said its market share for long-haul cargo between Johannesburg and Durban increased to 30 per cent in July, compared with 17 per cent a year ago, reports Engineering News of South Africa.
This is helped by the programme to lessen road use, but mostly by rising steel consumption, whose output has hit the highest level so far this year, and is considered a sign of global economic recovery.
The World Steel Association reports global production at 103.9 million tons in July, the highest monthly figure this year. In June, global steel output reached 99.8 million tons, up from May's 95.6 million tons. While month-to-month gains are posted, year-on-year losses, while narrowing, continue and stand at 11 per cent for July, the Shipping Gazette reported.



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