After declining abruptly in January, the Ctrack Transport and Freight Index (Ctrack TFI) subsided further in February to an index level of 118.6, a drop of 0.8% compared to January’s level of 119.6 and the lowest since February 2023. Although the pace of decline has subsided compared to January, the heavy-weighted road and rail freight sectors were the main drivers of the further deterioration. However, despite a further drop on a monthly basis, the Ctrack TFI is still 2.5% above year-ago levels.
