Transnet to pace new acquisitions

摘要

South African transport utility Transnet has announced that it will stagger the purchase of new locomotives and cargo handling equipment in order to more easily integrate the new acquisitions into its ex-isting operations and reduce average fleet age.rnIn the company's annual report, chief executive Chris Wells stated: "Transnet has developed a locomotive fleet plan, which is aimed at reduc-ing the average age of the lo-comotive fleet from 30 years to below 20 years.rn"To achieve this, Transnet aims to purchase between 75 and 100 locomotives per an-num over a prolonged period."