Wednesday, 20 February 2013

Australia Freight Transport Report Q2 2013

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Australia Freight Transport Report Q2 2013
Feb 20th 2013, 00:00

Although iron ore prices have risen on the back of optimism that stimulus from China will support demand,we remain a little sceptical of the Chinese recovery as the structural problems still exist, and do not expectthe rebound to last beyond H113. As such, we maintain our expectations for the federal government to missits surplus goal for the fiscal year 2012/13 (July-June). With China now taking its place at the top ofAustralia''s export partner list, the fortunes of the country''s freight industry are very much entwined with theAsian powerhouse.While we expect domestic woes to weigh on import consumption and consumer sentiment, the recentimprovement in the Chin...

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