Australia recorded a large A$1.4 billion trade surplus in January 2014 in seasonally adjusted terms, the largest since August 2011, according to new data from the Australian Bureau of Statistics. Australia has now been in a trade surplus for three consecutive months since November 2013.
New South Wales claimed 34.3% of Australia’s total imports in 2012/13 (down from 36.6% in 2011/12) and was responsible for 20.8% of total Australian exports (up from 19.3%), according to up-to-date data from the Department of Foreign Affairs and Trade (DFAT).
Part of a $125m freight productivity boost from government will go towards the next stage of the Port Botany rail line upgrade.
The Australian Logistics Council (ALC) welcomes confirmation the Victorian Government is investigating the privatisation of Victorian ports but is encouraging the government to ensure the funds raised from the process are recycled into productive logistics infrastructure. “The decision taken by the Victorian Government to assess the future ownership of Victoria’s ports is in the state’s […]
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