The Ctrack Transport and Freight Index (Ctrack TFI) has recorded a strong first quarter, thanks mostly to the increases in road freight. In addition, the Ctrack TFI has increased by 13% year-on-year despite higher fuel prices and ongoing pricing pressure from all sectors. “Not many economists expected the first quarter of 2022 to be as robust as it has been, but along with vehicle sales and the Manufacturing Purchasing Manager Index, the economy exhibits strong overall growth,” says Hein Jordt, chief executive officer of Ctrack Africa.
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