Newly available data capturing Australia’s freight and supply chain performance over road and rail is expected to help freight operators and the businesses they support to improve their operations, save on costs and grow on the other side of the COVID-19 pandemic.
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Rail industry grew by 14 per cent from 2016 to 2019
The value of the rail sector to Australia’s economy has grown by 14 per cent, as shown in a new report from Deloitte Access Economics, on behalf of the Australasian Railway Association (ARA).
From 2016 to 2019, the Australian rail industry grew by $3.7 billion. Today, the rail industry contributes $30bn to the Australian economy, 1.5 per cent of the national total.
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Find the fast track for innovation in the Australasian rail industry
When the Rail Manufacturing CRC closed its doors earlier this year, it spelled an end to dedicated rail innovation and technology funding in Australia.
While the loss has been felt deeply by the industry,
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Monitoring processes improved following rail flood incident
An out of service water level sensor led an Aurizon freight train to plough through flood waters that had inundated a rail bridge near Tully, Queensland, in 2018.
The Australian Transport Safety Bureau
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