Australia Freight Transport and Shipping Q2 2020
In 2020, we expect to see positive growth across the freight modes in Australia, with air freight leading the way in y-o-yterms (6.9%), ahead of rail and road (2.5% and 1.7%, respectively). We expect the healthy trend in iron ore export growth to besustained on the back of improved prospects for global trade in 2020, and this will temper to some degree. We also expect theAustralian economy to stage a recovery on the back of low base effects and improved external conditions in 2020, which will arrestthe general sluggishness seen in Australian domestic demand, providing a boost for imports.
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