Rail, Air and Sea Freight Forwarding in Australia - Industry Market Research Report

Rail, Air and Sea Freight Forwarding in Australia - Industry Market Research Report

Rail, Air and Sea Freight Forwarding in Australia

Growing freight volumes, supply chain disruptions, volatile freight rates and the consolidation of integrated logistics firms have defined the Rail, Air and Sea Freight Forwarding industry in recent years. Despite some difficult operating conditions for rail, air and sea freight forwarders, growing demand for freight transport and rising freight rates have spurred revenue to rise at an annualised 1.1% over the five years through the end of 2022-23, to $11.0 billion. Although, falling freight rates are on track to dampen revenue in 2022-23, contributing to a 0.6% decline.

Freight forwarders primarily provide transportation services for other enterprises, using a combination of subcontracted rail, air and sea freight transport organisations. The forwarding enterprise takes on the primary responsibility for transporting contracted goods for a fee that covers the total operation. The forwarding enterprise then uses this money to pay freight carriers for the actual transport services rendered.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.