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The Ctrack transport and freight index shows that the global economic slowdown has affected not only international traffic in South Africa, but also local rail and pipeline traffic.
The latest Ctrack TFI shows that traffic will slow during September 2019.
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The Ctrack TFI also reflects that the SA economy is much weaker than it was between April and June.
Mike Schusler (Mike Schussler), an economist involved in compiling the index, told the Fin24 on Friday that the slowdown in global trade had had a negative impact on South Africa's logistics industry as a whole.
In manufacturing, factory owners are squeezed by slowing domestic demand and uncertainty in export volumes. The decline of nearly 10 per cent between July and September compared with the same period last year is worrisome.
The storage industry has also been affected, with retail and manufacturing storage falling.However, according to Schussler, the decline in storage is due more to the internal economic conditions of SA.
"the decline in inventories shows that SA consumers and factories are under great pressure, and the business sector reflects this. Companies just don't want to be found to have too much inventory on hand. You can see it in all the specials at the moment. " Schussler told Fin24.
"if this trend continues, it will be worrying, especially if it continues into November and December. In any case, December is no longer the buying season because of Black Friday in November. "
Economist: only half of the roads in Africa are in good condition.
Air and seaborne cargo volumes have been relatively weak for most of the past two years, according to the index. According to the index report, seaborne and air cargo volumes continue to be affected by the trade war between the United States and China and Brexit.
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In addition, air traffic between Africa and the rest of the world increased by about 8 per cent, albeit from a low base. However, air cargo traffic in South Africa is declining and has not increased except to certain destinations in Africa and the Middle East.
At the same time, the latest index shows that land transport in South Africa is still relatively stable despite a slowdown in the domestic economy and a weak international trade environment.
From July to September 2019, road freight volume increased by 2.5% compared with the same period last year, and railway freight volume increased by 0.2% compared with the same period last year.
"weak levels of business confidence need to be addressed as soon as possible because capital investment occurs only when companies are confident and confident about the future," the index report recommended.
"Transport operators will have to closely monitor their costs and performance. Risk must also be controlled as much as possible, and opportunities remain difficult to obtain. "
Mainland Chinese stocks rose, with the Shanghai Composite Index rising 0.99 per cent to 2958 and the Shenzhen Composite Index rising 1.73 per cent to 9802. Manufacturing activity in China expanded more than expected in October, according to a private survey of factory activity in China.
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The move comes a day after official figures showed that manufacturing activity in China shrank for the sixth month in a row in October.
Hong Kong's Hang Seng index rose 0.57 per cent, with shares in the Cayman Islands rising sharply in the company's public offering on Friday as of the last hour of trading. The stock surged 7 per cent in early trading.
Meanwhile, the Korea Composite Index rose 0.8 per cent to 2100. Australia's S&P/ASX 200 index rebounded from an early fall and closed slightly higher at 6669.
Japan's Nikkei 225 index fell 0.33 per cent to 22851, while the (Topix) index was flat at 1667.Nintendo (Nintendo) shares rose 7.46 per cent after the company reported better-than-expected second-quarter profit on Thursday.
The Government of India and industry stakeholders are gradually developing final "standard operating procedures" to simplify and control export logistics costs. This is a major move that could lead shipping companies to abandon surcharges and intermediaries as regulations take root in India's highly fragmented freight market.
At the latest follow-up meeting with industry leaders in Mumbai on Tuesday, officials submitted a draft revised standard operating procedure, (SOP), for comments and further revisions before issuing final implementation guidelines.
As the government is completing the deal, which is seen as a change in the rules of the Indian Ocean trade game, with a high degree of urgency, according to local industry sources, An approved SOP document is expected to be distributed to all stakeholders in the next few days.
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