It is interesting to note that in the current economic conditions, rising freight costs and merchandise trade have boosted revenue.
The Road Freight Transport Industry dominates the Australian non-bulk market due to its ability to deliver door to door, competitive prices, convenience and reliability. Industry operators primarily transport freight by road. The Industry also includes towing services and road delivery services, excluding of couriers. The Industry’s largest vehicles transport goods across Australia, competing with rail, water and air freight industries. While heavy vehicles transport goods over vast distances, light commercial vehicles usually complete the final stages of delivery.
Nearly all economic sectors utilise road freight, and demand for road freight transport services is a strong indicator of changes in economic growth. Industry revenue grew 0.07% per annum over the five years FY2018/19, worth approximately $46.8 billion. Increased demand for products, and freight, has been a driver for industry services over the period.
Most of the industry’s activity is concentrated on the eastern seaboard, reflecting the concentration of major markets, population and freight infrastructure in these areas. New South Wales, Victoria and Queensland account for approximately 80% of revenue. These states are also home to the largest general cargo ports in Australia.
The freight industry needs qualified and experienced heavy vehicle repairers to keep Australia’s trucks moving!