National Freight and Supply Chain Strategy for Australia: Better freight location and performance data (Part 4)

With Australia's first National Freight and Supply Chain Strategy (Freight Strategy) released, goals and targets have been set for the transportation industry to 2024.

In the last instalment of our four-part series on the Freight Strategy, we discuss why there's a need for the strategy and what the final critical action area 'better freight location and performance data' incorporates.

Why do we need the Freight Strategy?

While we try to be positive, it seems to many that the Australian economy is heading into difficult times, if we're not already there. The Reserve Bank has reduced interest rates to record lows and there is talk of quantitative easing.

But the message from the Reserve Bank Governor has been consistent. Interest rates are not the only lever available to boost the economy, and all governments must do more to make structural adjustments to make Australia more productive.