Quarterly Report | Published November 2025
THE LOGISTICS SECTOR REMAINS IN RECOVERY MODE IN 2025
The Ctrack Transport & Freight Index (TFI) continued its gradual recovery in 2025, rising in six of the nine months to reach 118.5 in September. This represents a 3.5% increase from the January 2025 low, though the index is still only 0.7% higher than a year earlier. Air freight remained the standout performer with 6.8% growth, supported by rail (+3.2%) and sea freight (+1.7%), while the heavily weighted road freight sub-sector stayed under pressure, contracting 0.8% year-to-date. Storage and pipeline transport also declined. Progress on structural reforms, including private sector participation in ports and rail, is laying the foundation for improved efficiency, though the recovery remains uneven and the sector is not yet out of the woods.
For a detailed breakdown of sub-sector performances, charts, and in-depth analysis, please download the full Ctrack Transport & Freight Index Q3 2025 report here.
