A country’s economy is measured by the sum of goods and services consumed in a year. The ‘goods’ part of the economy plays a vital role in running any economy. As these goods need to be transported from one place to another, the importance of road freight emerges. Road freights are incredibly crucial. Right from the quality of the road, the width of the roadways, and how fast the traffic moves can be critical. These factors play a role in how the economy of that area performs.
The Australian economy has a high share in the logistics industry. According to the government-funded non-profit organisation Australian Industry Standards, 574,000 people are employed in this industry, which is expected to grow to 600,000 by the year 2026. Moreover, this industry generated an income of 101.51 billion dollars in 2019-2021. Therefore, this industry cannot be ignored.
Below are a few of the most important reasons why the Road Freight Industry is crucial in Australia.
- It is crucial for the Australian economy
Australia has a vast consumer economy. More than one-third of the country generates its income from the logistics industry. Moreover, with the rising demand, this industry will keep expanding. Therefore, road freights are so relevant in the country. It supports many local businesses and is responsible for running other sectors.
- It offloads the burden from Australian ports
Australia, having a coastal area of approximately 34,000 kilometres, has a wide scope for sea freight. This seems extensive, but there are limitations to sea freights. There could be only so many ports. These ports tend to get congested. Road freight helps take off the load from seaports, thus smoothening the transportation system of the country.
- It integrates sea route and air routes
It may be easy to ignore road freights, but they are not just functional on their own. They are needed to support sea freights, and air freights as well. Therefore, roadways are the bloodline of the Australian economy.
- It keeps up with increasing demand
With the changing times and increased demand for online shopping, the need for road freight has increased massively. The rising demand for local food deliveries has gone up. Moreover, there has been rising interest in trying different foods and cuisines from countries across the world. The transport and logistics industries have successfully handled this added volume of demand. It will keep on doing so in the future as the industry grows in workforce.
You can get in touch with WSI if you are looking for transport and logistics providers in Sydney. Contact us for more information.
