The Climate Of Micro Courier Services In Australia: Can You Keep The Business Going? The past few years are dark and treacherous for the road freight transport industry in Australia, with hundreds of small-scale freight corporations that were enforced to close due to astronomical operation costs and weak demand of services (due to costly shipping rates). The beginning of the new millennium until 2008 was a tumultuous time, with fuel costs rising as high as over 108%. Since the main cost of shipping corporations is on fuel, it is no surprise that even giant freight companies had to reduce on operational equipment, human resources, and services to stay afloat during those times. At present, changes in the fuel price trend have seemingly made the road transport trade the lucrative endeavor that it was earlier, but the main query that micro courier services needs clarified is this: could micro courier services stay afloat in the long run, and would they continue doing business whether or not the business atmosphere is seemingly really “stable”? According to the 2011 IBIS World Industry Report entitled, “Road Freight Transport in Australia”, freight companies conducting courier service in Australia can expect endless increase in revenue and profit till 2016, owing to the stable development of financial growth and stabilizing fuel prices. However, the report does not offer specific information on how micro courier services will fare once the giant courier services in Australia start to operate in full throttle. If you would like some insights to assist you decide if you may and/or you should continue working a small courier service in Australia, here are 2 considerations you want to commit to mind and employ to evaluate your shipping company’s fate:
First- small shipping companies enjoy the advantage of being versatile with their rates and services. If your aim is long-term operation, pursue your venture by all means and disrespect any hindrance coming your way. Economic forecasts indicate that the road transport industry can continue to do better till 2016, if not there is something catastrophic that would affect Australia’s economic growth and the steadiness of oil costs. Second- consider your business vision. If you are uncertain about what you want to do along with your freight transport business, we strongly advise that you work on your company goals or simply discontinue operating your business. The bright prospect of the freight transport trade will certainly cause active shipping companies to supply more affordable rates, better services, and more spectacular road transport systems. If you cannot go with the quick trend, don’t risk losing cash within the business.