Infrastructure News

Transnet volumes, revenue up, but falls short of recovery targets

Transnet volumes, revenue up, but falls short of recovery targets

State-owned Transnet has reported a 1.5% year-on-year improvement in the total rail volumes reaching 151.7-million tonnes at the end of March 2024, showcasing improvement in operational performance. However, this figure still fell 1.8% short of Transnet’s recovery plan target of 154.4-million tonnes for the 2023/24 financial year. Speaking at a media briefing at the Transnet Freight Rail headquarters in Johannesburg on Friday, Transnet group CEO Michelle Phillips acknowledged that while several metrics indicate positive momentum, challenges persist. Read More Engineering News | Home
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