The container industry is stabilising towards prepandemic levels, bolstered by an increase in container vessels, while freight prices are normalising from record highs with global port congestion plunging as the pandemic recedes, according to SA Association of Freight Forwarders (SAAFF) and Bidvest International Logistics (BIL) data.

This is good news for local exporters according to SAAFF as the improved conditions, caused by factors external to Transnet, present an opportunity to shore up fatigued export volumes amid a weakened rand...

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