Several notable operators, including Scott’s Refrigerated Logistics, have collapsed in recent years. Photo: Scott’s
Mounting financial pressure is pushing more Australian transport and logistics operators to the brink, as insolvencies in the sector accelerate, says a leading business recovery and insolvency firm.
Jirsch Sutherland said a combination of rising costs, labour shortages, regulatory burdens and falling asset values is driving more businesses to restructure or wind down.
The latest ASIC data reveals a sharp upward trend in insolvencies within Australia’s transport, postal and warehousing sector. They rose from 196 in 2021-2022 to 347 in 2022-2023, and 495 in 2023-2024 – a 153 per cent increase in just two years.
As…
