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The Australian road freight industry takes a larger part of the non-bulk freight market, where the maximum cargo capacity is not more than 400kg/400l. Latest reports have shown that the non-bulk market features a significant demand growth in both domestic and international markets.
The greatest advantages of Australian road freight industry are seen in price, speed, reliability and convenience. This fast-growing industry sector applies the use of large vehicles, including used work trucks too, to transport the goods across and between states. Used work trucks are powerful enough to successfully compete with the railfreight, airfreight and waterfreight industries.
The services of road freight industry are diversified as: interstate, intrastate and urban services. On the other hand, industry’s activities are divided into three main categories: road freight transport services, road delivery services and driver-operated truck hire.
According to experts, the Australian road freight industry is the leading factor for positive changes in Australia’s economic growth. It is all thanks to the great diversification and division of industry’s major markets and the huge demand for freight transport services as well. The sector makes the staggering $52 billion in revenue annually, which is about 4.1% annual growth. Furthermore, there is a significant increase in the number of businesses (about 43,000), thus people involved in this sector (more than 193,000).
As a primary mode of nun-bulk transport, the Australian road freight industry dominates the overall transport industry. Fortunately, the demand for the Australian road freight industry services is high, which is why the industry experts forecast that profit margins will remain unaffected in the case of a low revenue growth.
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