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 rail, water and air freight industries. In cities, light commercial vehicles are the dominant form of transport for the final stage of delivery. The industry's major markets span 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 and following economic downturns, which reduces demand for transporting goods.
Industry revenue is forecast to grow at a compound annual rate of 2.8% over the five years through 2015-16, to reach $40.1... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Road Freight Transport industry is in the mature phase of its economic life cycle. The industry's services are well-established, technological change is moderate at best and the industry is undergoing consolidation. No significant new products have been launched onto the market since the introduction of B-double trailers in the early 1990s. Road infrastructure significantly limits any increase in truck and trailer sizes.
Operators have introduced new technology for the monitoring and tracking of goods in transit, such as fleet telematics. This has enabled the major players to more efficiently allocate resources and improve profitability. There has also been significant investment in the development of new distribution hubs... purchase to read more