The Federal Express Corporation's freight traffic in Australia experienced significant fluctuations from 2013 to 2023. The period saw a dramatic increase of 141.58% in 2016, followed by more stable, but still variable, changes in subsequent years. From 2022 to 2023, the freight traffic grew by 4%, reaching 27.94 thousand metric tons in 2023. Over the past five years, the year-on-year growth averaged at 4.57%, demonstrating consistent if moderate growth. Looking forward, forecasts indicate a compound annual growth rate (CAGR) of 2.89%, with freight traffic expected to reach 33.48 thousand metric tons by 2028.
Future trends to watch for:
- Potential impacts of global supply chain disruptions on freight volumes
- Adoption of sustainable logistics practices
- Advancements in automation and artificial intelligence within the sector
- Shifts in trade policies and international relations
