After hours trading ended on Wednesday, a surge in demand for trucks has led to an unprecedented increase in trucking hours.
The Bureau of Statistics has reported that the number of hours of trucking during rush hour, as well as other major trucking times, rose by nearly three hours to nearly 2.4 million hours on Thursday, an average of 3,200 hours per day.
Trucking is an important part of the Australian economy, as the trucking industry employs more than 30,000 Australians.
“This is not an accident,” the Bureau of Industry and Technology said in a statement.
“While there is no immediate impact on the Australian trucking market, this trend is likely to have an impact on trucking supply over the next few weeks.”
We would expect to see trucking demand increase by the end of the month, but that does not mean we should assume it will continue at the same rate.
“But some trucking operators have said the surge will likely slow over the coming weeks.
John D’Angelo from Tractor Supply Services, a business that owns a network of about 40 trucking companies across the country, told the ABC that demand for his company’s trucks is likely “to remain relatively static for the next several weeks”.”
We’re hoping that by the time the Christmas period comes around, trucking will be able to take back its spot on the charts,” he said.”
For us, it’s not an issue at all.
We’ll be able take it back to the top of the charts.