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TRANSPORT AND STORAGE INDUSTRY
Transport and storage is vital to the Australian economy, underpinning a diverse range of industries and activities. These range from transporting and storing freight, to the movement of people by private and public transport, to vehicle hire and even the use of pipelines.
The contribution of an industry to the overall production of goods and services in an economy is measured by gross value added (GVA). Information on the relationship between industry GVA and gross domestic product (GDP) is provided in the Industry structure and performance chapter.
Table 22.1 shows the GVA (in volume terms) for each industry subdivision (as defined in the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition (1292.0)) within the Transport and storage industry. Between 2003-04 and 2004-05, Transport and storage industry GVA rose by 5.0%.
All industry subdivisions except Rail, pipeline and other transport had increases in GVA (in volume terms) between 2003-04 and 2004-05. Air and space transport recorded the greatest increase in GVA (10%), followed by Road transport (6.4%), and Transport services and storage (4.0%). Rail, pipeline and other transport GVA fell by 0.5% between 2003-04 and 2004-05.
22.1 TRANSPORT AND STORAGE INDUSTRY(a), Gross value added(b)
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 | 2003-04 | 2004-05 |
| ANZSIC Subdivision | $m | $m |
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| Road transport | 12,889 | 13,711 |
| Air and space transport | 5,144 | 5,665 |
| Rail, pipeline and other transport | 5,502 | 5,475 |
| Transport services and storage(c) | 13,316 | 13,850 |
| Total transport and storage | 36,851 | 38,701 |
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(a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition.
(b) Volume measures. Reference year is 2003–04.
(c) Includes water transport. |
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| Source: Australian System of National Accounts, 2004-05 (5204.0). |
Between 2004-05 and 2005-06 Transport and storage total employment increased from 454,400 to 461,400 people (table 22.3). Air and space transport employment rose by 5,900 (13%), rail transport increased 2,400 (6.5%) and road transport rose 4,300 (2.0%). Over the same period, employment in water transport decreased by 11% to 12,100 people.
22.2 TRANSPORT AND STORAGE INDUSTRY(a), Employment(b)
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| 2004-05 | 2005-06 |
| ANZSIC Subdivision | '000 | '000 |
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| Road transport | 214.8 | 219.1 |
| Rail transport | 37.2 | 39.6 |
| Water transport | 13.6 | 12.1 |
| Air and space transport | 46.7 | 52.6 |
| Other transport | *0.7 | *0.8 |
| Services to transport | 77.1 | 80.6 |
| Storage | 43.5 | 44.7 |
| Transport and storage n.f.d.(c) | 20.8 | 11.9 |
| Total transport and storage | 454.4 | 461.4 |
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(a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition.
(b) Annual average of quarterly data.
(c) Not further defined. Insufficient detail collected from survey respondent to allocate them to a specific industry code. |
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| Source: Labour Force, Australia, Detailed - Electronic delivery (6291.0.55.001). |
In 2003-04 the Transport and storage industry had 123,071 operating businesses, compared with 115,729 in 2002-03 (table 22.3). These businesses generated $2,571 million (m) from the sale of goods, and $77,059m in income from services, an increase of 14% and 11% respectively, compared with 2002-03. Capital expenditure in 2003-04 was $8,942m, and industry value added $36,349m. The profit margin for the industry was 4.1% in 2003-04, compared with 5.7% in 2002-03, and 80% of businesses made a profit in 2003-04 while 19% made a loss.
22.3 TRANSPORT AND STORAGE INDUSTRY, Selected indicators
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| | Units | 2002-03 | 2003-04 |
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| Operating businesses | | | |
| Employing | no. | 34,276 | 36,737 |
| Non-employing | no. | 81,453 | 86,334 |
| Total | no. | 115,729 | 123,071 |
| Sales of goods | $m | 2,261 | 2,571 |
| Income from services | $m | 69,175 | 77,059 |
| Capital expenditure | $m | 9,284 | 8,942 |
| Industry value added | $m | 32,204 | 36,349 |
| Profit margin | % | 5.7 | 4.1 |
| Business profitability | | | |
| Businesses that made a profit | % | 79.6 | 80.2 |
| Businesses that broke even | % | 0.8 | 1.0 |
| Businesses that made a loss | % | 19.5 | 18.8 |
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| Source: Australian Industry, 2003-04 (8155.0). |
Transport and storage industry production, GVA (in volume terms), more than doubled between 1986-87 and 2004-05 (graph 22.4).
Wages and salaries for the Transport and storage industry in 2003-04 were $16,836m. Total income was $86,217m, total paid expenses $82,628m, while operating profit before tax was $3,535m (table 22.5). Road transport was the largest component industry, with 37% of both the industry's total income and wages and salaries, 35% of total expenses, and 77% of operating profit before tax. Rail transport recorded an operating loss before tax of $2,910m.
22.5 TRANSPORT AND STORAGE INDUSTRY(a), Selected performance measures - 2003-04
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| | ANZSIC Subdivision |
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| Selected indicators | Units | Road
transport | Rail
transport | Water
transport | Air and
space
transport | Other
transport | Services to
transport | Storage | Total |
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| Wages and salaries(b) | $m | 6,196 | 2,748 | 499 | 2,466 | 139 | 3,877 | 912 | 16,836 |
| Total income | $m | 31,573 | 6,332 | 2,654 | 14,393 | 1,882 | 24,426 | 4,956 | 86,217 |
| Total expenses | $m | 28,863 | 9,233 | 2,459 | 13,134 | 1,724 | 22,581 | 4,634 | 82,628 |
| Operating profit before tax | $m | 2,725 | -2,910 | 197 | 1,225 | 157 | 1,854 | *287 | 3,535 |
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(a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition.
(b) Includes capitalised wages and salaries; excludes the drawings of working proprietors. |
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| Source: Australian Industry, 2003-04 (8155.0). |
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