Industry Analysis & Industry Trends
Freight forwarders purchase space on freight transport services in bulk, which they then onsell in smaller quantities to clients. The distinguishing feature of their activities is the consolidation of loads from multiple clients to use transport space as efficiently as possible. Through this service, clients gain access to cheaper freight rates than they could achieve individually. Road freight forwarders receive a commission for their service. Over the five years through 2013-14, industry revenue is forecast to decline by an annualised 0.9%. The industry's performance is expected to be more positive in 2013-14, with revenue forecast to grow by 2.7% to reach $2.3 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Road Freight Forwarding industry is in the decline phase of its economic life cycle, as integrated third-party logistics services supplant industry activity. Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at a compound annual rate of 1.4% over the 10 years through 2018-19. This is below the forecast GDP growth in Australia over the same period, which is projected to rise at a compound annual rate of 2.6%.
Over the past five years, the industry has introduced limited new products and services. While industry services are still in demand, operators have provided little innovation, with major changes occurring upstream in the Road Freight Transport industry... purchase to read more