Quarterly Report | Published March 2025
THE STRAIN IN LOGISTICS SECTOR ONGOING
The Ctrack Transport & Freight Index (TFI) declined for the eighth consecutive month to reach 112.8 in January 2025, its lowest level since December 2022. This represents a 5.0% drop year-on-year and a sharp 10.1% decline from the May 2024 peak, reflecting ongoing broad-based weakness in South Africa’s logistics sector. For the full year 2024, the heavy-weighted road freight sub-sector contracted notably, while air freight emerged as the standout performer with strong double-digit growth. Rail and sea freight showed modest gains, but persistent challenges including port inefficiencies, cargo diversions, and subdued economic activity continue to weigh on the sector. The latest data signals that the transport sector likely subtracted from Q4 2024 GDP growth.
For a detailed breakdown of sub-sector performances, charts, and in-depth analysis, please download the full Ctrack Transport & Freight Index Q1 2025 report here.
