Showing posts with label Australia Freight Forwarding Market. Show all posts
Showing posts with label Australia Freight Forwarding Market. Show all posts

Wednesday, April 19, 2023

Volume of goods transported in Australia is expected to increase @ 10% by 2025. Will Australia be able to provide logistics support to it?: Ken Research

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1.  Australia’s overall score in LPI (decreased from 3.84 in 2010 to 3.7 in 2020

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  • Australia’s Total LPI score decreased from 84 (2010) to 3.7 (2020).
  • Australia ranked 20thAustralia (2020), falling from 18th Australia (2018).
  • Australia ranks 1stin Oceania region.

This creates a big opportunity for new logistic companies and firms to cater to the falling standards of logistics and provide better support & efficiency to it.

2. Australia has built a vast road network, which has improved logistics mobility.

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  • Total Length of Road Network (2019): 920,217 km
  • Single Longest Track: Highway 1 connecting all mainland state capitals – 14,500 km World’s longest national highway
  • Major Routes of Australia – Sydney – Melbourne, Sydney Brisbane, Brisbane – Cairns, Brisbane – Darwin, Brisbane – Melbourne, Melbourne – Adelaide, Adelaide – Perth and others.
  • Transportation contributes around ~ 60% to the logistics market in Australia.
  • Total volume of goods transported is around 768 Bn Ton Kms as of 2020, with an overall increase of 15% as compared to 2015.
  • Road Freight is expected to continue dominating the market, contributing 55% to the transportation market.

3. Truck Platooning to lower fuel cost and emissions being a catalyst to logistics market in Australia

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Benefits

  • Improves Safety; reduces accidents
  • Reduces labour cost and transports more (quantity)
  • Improves efficiency in supply chain
  • Lowers fuel consumption & CO2 emissions
  • Increases driving range of trucks used in transportation

 All these factors aid in the expansion of the logistics support throughout Australia.