NYSHEX Records 340% Revenue Growth and Triples Shipping Volume
NEW YORK, NY– March 24, 2022 – NYSHEX, the leader in two-way committed contracts, today announced revenue growth of 340 percent in 2021. In addition, shipping volumes more than tripled and the company grew its global footprint with the opening of a London office and has plans to open in Singapore early this year.
The pandemic has exacerbated supply chain disruptions and global ocean shipping reliability recently fell to a historic low. As a result, organizations need to improve reliability and control costs. NYSHEX’s contract framework and technology solutions remove the uncertainty of traditional shipping contracts so both shippers and carriers benefit from cargo moving as planned through two-way committed contracts.
“With supply chain disruption a constant, carriers and shippers are looking for innovative solutions to make their supply chains more resilient," said Gordon Downes, CEO of NYSHEX. "With a 98 percent contract fulfillment rate, our solutions deliv ....
Other Transport News
Toyota recalls 58 Hino 700 Series trucks for fuel pump housing – NCC
Automotive manufacturer Toyota South Africa is remembering specific Hino 700 Series trucks, which were made available for sale from February 4 to November 9, 2025. The recall impacts 58 trucks, says the National Consumer Commission (NCC).
Outa welcomes court’s decision to set aside driving licence card tender
The Organisation Undoing Tax Abuse (Outa) has actually welcomed a court ruling reserving the awarding of a driving licence card maker tender to Idemia following findings of material irregularities in the procurement process. The court order was given on January 6, overturning the tender that had been awarded in September 2024 by the Driving Licence Card Account (DLCA), a Department of Transport (DoT) entity accountable for producing the country’s driving licence cards.
Governance failures turning waste tyre depots into public health, environmental hazards – Redisa
The Rustenburg Waste Tyre Depot, checked out by Forestry, Fisheries and the Environment Deputy Minister Bernice Swarts, is not representative of the alarming state of depots across the country, states tyre recycling initiative Recycling and Economic Development Initiative of South Africa (Redisa). It suggests that the Deputy Minister must rather have actually gone to the site of the Biesiesvlei depot in Lichtenburg, which is likewise in the North West. In 2023, the depot went up in flames and triggered significant ecological damage.
Creecy welcomes court order setting aside driver’s licence card machine tender
Transport Minister Barbara Creecy and Deputy Minister Mkhuleko Hlengwa have welcomed the High Court’s declaratory order that sets aside the Driving Licence Card Machines tender. The Gauteng North High Court, on January 6, declared that the tender was irregular, void, illegal and unenforceable.
Engineering execs warn that policy failures, weak accountability are deepening the … In this video, Gibb CEO Vishaal Lutchman, Gibb EPCM GM Ntshavheni Phidza and SACPCMP president Lufuno Ratsiku discuss challenges in achieving sustainable growth in the construction sector.
South Africa’s facilities healing will continue to stall unless government, industry and expert bodies shift from problem-identification to concrete application, engineering executives stated during a roundtable discussion hosted by engineering firm Gibb, in Johannesburg, on December 2. The speakers collectively alerted that policy paralysis, a shrinking skills base and a lack of measurable responsibility were avoiding the country from reversing infrastructure degeneration and bring back economic stability.
Engineering execs warn that policy failures, weak accountability are deepening the …
South Africa’s facilities healing will continue to stall unless federal government, market and expert bodies shift from problem-identification to concrete application, engineering executives stated during a roundtable conversation hosted by engineering firm Gibb, in Johannesburg, on December 2. The speakers collectively alerted that policy paralysis, a diminishing skills base and an absence of measurable accountability were preventing the nation from reversing facilities wear and tear and restoring financial stability.
TNPA completes Durban’s Bayhead road ahead of schedule
State-owned Transnet National Ports Authority (TNPA) has reported that it has effectively completed the rehab of Bayhead road at the Port of Durban a month ahead of schedule. The utility states this early job conclusion turning point is completely timed ahead of the busy festive season and will permit smooth freight motion for South African customers.
Uber launches electric offering in South Africa, showcases Moto product Uber sub-Saharan Africa GM Deepesh Thomas welcomes the company’s new low-cost mobility product offerings
Transport business Uber on November introduced its Uber Go Electric using for South Africa at an event in Johannesburg, and likewise used the event to highlight its recently-established Uber Moto offering. The 2 offerings belong to the business’s affordable mobility journey, focused on providing an Uber option for the about 40% of individuals in the nation that do not have access to reputable, safe and sustainable transport, Uber sub-Saharan Africa GM Deepesh Thomas described to Engineering News at the launch.
Rehabilitation work on the N4 progressing well ahead of the festive season – TRAC
N4 concessionaire Trans African Concessions (TRAC) has warned visitors ahead of the joyful season that several major upgrade and rehabilitation projects are still continuous on the toll route between Gauteng and Mozambique. “These efforts form part of TRAC’s ongoing dedication to keeping the passage safe, well-maintained and effective,” states the business.
Sanral continues to roll out R4bn in upgrades to the N1
The South African National Roads Agency Limited (Sanral) says it is continuing its rollout of almost R4-billion in upgrades to the N1 freeway from Scottland to Winburg, and Zandkraal to Scottland, in the Free State. Sanral Free State provincial head Marlize Nel-Verwey says the upgrade project, which started in January this year, is expected to be completed in July 2028.