While there is expectation that global militaries will step in soon and secure the Red Sea and the Suez Canal by the end of the week, a prolonged delay in reusing them may lead to a 30-40 percent rise in cost of transportation
While the increasing speed of locomotives on the Western and Eastern DFCs has helped lower cargo movement time, a lot still needs to be done to reach the average speed goals of 75 km/hour, he said.