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Trucks: Trucking Industry Market Trends Overview
Australian overall economy heavily depends on the transportation and logistics industry. Of all four sectors, the road freight (or trucking) sector is the most important and it is believed to continue to grow over the following years. The trucking industry market has significantly expended over the past two decades, offering different trucking solutions to different industries.
The road freight transportation industry of non-bulk goods within states and across Australia is a key factor for the future success of the country. Compared to air, water and rail freight sectors, the road freight sector is dominating the Australian market by providing the business owners/operators reliability, competitive prices, convenience and flexibility.
In numbers, the road freight sector generates over 80% of the total revenue of the transportation industry, which is over $52 billion. This success is due to the 43,000 business and 193,000-plus employees, according to the last year’s report. With the expected growth over the following years, the demand of used work trucks is expected to increase, while the road freight rates are expected to slowly decrease. Besides used work trucks, new, innovative, safer and more cost-efficient trucks and commercial vehicles are now available on the Australian trucking market.
Over the recent years, the sales of used work trucks have greatly increased in the larger Australian states, as many business owners started to recognize the benefits of transportation. With the great availability of both new and used work trucks and other commercial vehicles, Australian business owners can conveniently hire, buy or sell trucks online. If you are involved in the trucking industry, visit our blog on a regular basis to be in tune with all the latest trucking industry market trends, statistics and news.
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