Transport and logistics firms fare worse than most: ABS


Statistics show firms in the 'Transport, Postal and Warehousing' sector have been amongst those most at risk of failure

May 22, 2013

Transport and logistics company survival rates are poor compared with other sectors, Australian Bureau of Statistics figures show.

The numbers, just released in Counts of Australian Businesses, including Entries and Exits, cover the five years from June 2008 and June 2012 and confirm just how tough the sector is for operators.

Counted as "Transport, Postal and Warehousing", the sector recorded a company survival rate of 57.7 percent between the start and the end of that period.

This put it fifth-lowest on meaningful statistics
out of 20 industry divisions, above Information Media and Telecommunications (57.3 percent), Arts and Recreation Services (57.1 percent), Administrative and Support Services (54.3 percent), Accommodation and Food Services (53.6 percent) and Public Administration and Safety (50.9 percent). Figures for
a section dubbed Currently Unknown were not available.

Of the 134,416 Transport, Postal and Warehousing companies operating in mid-2008, 77,596 remained in mid-2012.

Top of the pile was the Health Care and Social Assistance sector, which had a 73.1 percent survival rate and fell from 91,449 to 66,875 during this time.

For all industries, the average was 61.8 percent, 2,071,360 and 1,280,201 respectively.

Those Transport, Postal and Warehousing companies that entered the industry in 2008-09 fared worse than similar
existing firms by mid-2012, with figures of 46.5 percent, 21,583 and 10,030.

This was the third worst performance, bettering only Administrative and Support Services and Public Administration and Safety.

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