The History of Volvo Trucks in Australia

Volvo has been a big name within the Australian trucking industry since 1972, when the production facility of heavy-duty trucks was established in Wacol, Brisbane, Queensland. Almost half a century later, with more than 60,000 trucks produced, the plant is now the biggest truck assembly plant in Australia. Volvo Trucks is also the largest manufacturer of vehicles in the country.

Continue reading The History of Volvo Trucks in Australia

The Most Popular Truck Brands in Australia

Trucking is one of the most important sectors of the freight industry in Australia, generating an annual revenue of over $54 billion. According to a 2018 report, the trucking sector includes more than 43,000 businesses, and with figures predicted to grow. This year alone, more than 18,000 new trucks were registered from January to June 2019.

Continue reading The Most Popular Truck Brands in Australia

The Future of Trucking in Australia

The road freight industry, also known as the trucking industry, is integral to the Australian economy. Although it was not spared by the global financial crisis, it still maintained an annual growth rate of 2.4% in the last five years. Today, the industry has approximately 41,000 businesses, which employ more than 250,000 people and pay more than $13 billion in annual wages.

The industry looks very solid at the moment and getting into trucking business looks like a brilliant move. However, for serious investors, the present situation alone is not enough to invest a significant amount of money. You also need to have a good idea of how the trucking industry would fair in the future.

Continue reading The Future of Trucking in Australia