* ACT - Which role will road transport play in meeting the growing demand for transport services?
--- Albeit delayed, the Global Financial Crisis hit the Australian road freight community hard in 2009. The shockwaves of the economic slowdown have since reverberated throughout the industry and took many a transport business down in the fallout – with some saying they can still feel the impact today... Looking back, the magnitude of the crash is especially astounding against the backdrop of a 2003 forecast published by the Bureau of Infrastructure, Transport and Regional Economics (BITRE), which predicted a doubling of road freight by 2020 and went on to become one of the most frequently quoted industry statistics of the decade... More than 12 years on – yet with the GFC still fresh in mind – the National Transport Commission (NTC) has now again dared a look into the future. The resulting Who Moves What Where report is painting a more differentiated picture of the industry... Split amongst road, rail and sea freight, operators across the board will become increasingly busy as GDP and domestic population continue grow, he explains. In fact, the economy is one of the two factors that the new NTC report identified as major contributors to the increase in Australian freight, with the other being growth in Asia, which the NTC says will intensify demand for Australian commodities such as iron ore, coal and LPG by between 100 and 160 per cent...
(Image: The Future of Transport Australia’s freight task is expected to see double-digit growth over the next decade) -- Canberra, ACT, Australia - Prime Mover - November 2016 issueLabels: markets prognosis, trucking industry news Australia
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