Industry Analysis & Industry Trends
The Road Freight Transport industry dominates the Australian non-bulk freight market, leveraging advantages in price, speed, convenience and reliability. The industry's largest vehicles transport goods between and across states, competing successfully with the rail freight, water freight and airfreight industries. Within cities, light commercial vehicles are the dominant form of transport for the ‘last mile' of delivery. The industry's major markets are diversified across the entire economy and demand for road freight transport services is a lead indicator for changes in economic growth. Businesses hold less stock prior to an economic downturn, and for a period afterwards, which reduces demand for the transport of goods... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are low, with entry into the general freight market possible for as little as the cost of a second-hand light commercial vehicle. Competition among players after entry provides the largest industry barrier. Small operators are required to develop strategic links with larger operators or freight forwarders. Operators tend to target specific areas or types of work, yet the non-specialised nature of the vehicles used means they are able to accept casual business. The industry is highly competitive with low profit margins traditionally among smaller operators.
The specialist segment of the industry requires the use of vehicles that have been specifically designed for an industry or commodity (e.g... purchase to read more