BLANTYRE-(MaraviPost)-Transporters Association of Malawi (TAM) alongside its partners has taken swift action to revise upward road freight rates in the wet cargo category.

This is in response to the recent devaluation of the 44% Malawian Kwacha and recognizing the challenges faced by transporters.

In a press statement issued on Saturday, November 18, 2023, made available to The Maravi Post, signed by TAM Representative Frank Banda commends this proactive move and extends their gratitude to the government for addressing the immediate concerns of the industry.

“Transporters Associations are now calling upon the Government and the Private Sector to similarly raise rates in the dry cargo category, where minimal movement has been observed. In light of this, the Associations have taken the initiative to establish minimum rates for dry cargo within and beyond the
borders of Malawi.

“This move aims to alleviate the financial strain on transporters, ensuring the sustainability of the industry. The transport industry has been grappling with various challenges, including a recent strike by truck drivers demanding higher perks”, reads part of TAM’s statement

Band adds, “The delay in implementing new salaries, slated for January, is contingent on an increase in freight rates. The devaluation of the Kwacha has exacerbated issues such as rising fuel costs, operating expenses, increased pressure on employee perks, elevated overhead costs, and the risk of asset loss for borrowers with loans.

“To address these challenges and foster the viability of transport businesses, the Malawi Transporters Associations have announced minimum road freight charges for dry cargo, effective from November 16th. Transporters are encouraged to adhere to these minimum rates to ensure the sustainability of the industry and to support the requested salary hike for drivers”.

“These rates serve as a minimum benchmark, and transporters are at liberty to charge amounts over and above these figures. The Associations will rigorously monitor the implementation of these rates, ensuring compliance and taking appropriate action against those who do not adhere.

This measure is aimed at preventing future strikes by drivers, safeguarding revenue for transporters, and preserving the stability of the Malawi economy,” concludes TAM statement.