"Australia Freight Transport Report Q2 2014" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Mar 13 2014


High prices and strong external demand for Australian commodity exports in recent years have helped to underpin the country's real GDP growth despite the rising costs domestically, however, this trend has since reversed as the declines in cost in competing countries make Australian products increasingly uncompetitive, which could offer downside risk to the country's freight industry.

Increasing competition externally has meant that reform may be necessary for Australia to remain competitive in the global market. Although high prices and strong external demand for Australian commodity exports over the last two years helped to underpin real GDP growth despite the rising costs domestically, this trend has reversed as the declines in cost in competing countries make Australian products increasingly uncompetitive. Wages and input costs in a number of other Australia's key competitors have been declining since the 2008/09 financial crisis, and the country will need to allow prices of labour and capital to fall in order to remain competitive. We believe this will need to come in the form of reform to these markets in order to reduce the rigidities that prevent the needed price adjustments from taking place.

Full Report Details at
- http://www.fastmr.com/prod/775393_australia_freight_transport_report_q2_2014.aspx?afid=302

The Australian freight mix is once more set for an uninspiring 12 months, following on from an unmemorable 2013, as global economic headwinds continue to circle. While the Port of Melbourne and Port of Brisbane are both set for year-on-year (y-o-y) tonnage growth of 3.01% and 3.00% respectively, these figures will be the highest of the country's freight modes. Air freight and road freight are both set for steady annual gains of 2.60% and 2.50% respectively, while rail freight is pencilled in to see tonnage growth come in at less than 2% in 2014.

Headline Industry Data

* 2014 air freight tonnage is expected to grow by 2.60%.
* 2014 rail freight tonnage is forecast to grow by 1.76%.
* 2014 Port of Melbourne tonnage throughput is forecast to increase by 3.01%.
* 2014 Port of Sydney tonnage throughput is forecast to grow by 1.47%.
* 2014 road freight is forecast to increase by 2.50%.
* 2014 total real trade growth is forecast to grow by 3.33%.

Key Industry Trends

Abbot Point Sees Successful Dredging Completion - The capital dredging programme at the Abbot Point coal port in Queensland has been completed at the end of 2013 and was described as a 'significant milestone towards the development of GVK Hancock's Terminal 3 port facilities'. In a filing to the Bombay stock exchange, Indian conglomerate GVK stated that the final environmental approval has 'solidified its leading position in the Galilee Basin' along with 'previously received clearances for the Alpha mine, the rail to Abbot Point and the EPBC Act approval for the port'.

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