New Australian Securities & Investments Commission (ASIC) data has revealed mounting financial pressure is leading to more Australian transport and logistics operators being pushed to the brink.
The latest data shows insolvencies in the sector is rising, with businesses continuing to struggle amid rising costs, labour shortages, regulatory burdens and falling asset values.
Business recovery and insolvency firm Jirsch Sutherland says the global challenges have led to the collapse of several notable local operators including Scott’s Refrigerated Logistics, Austrans Container Services and Lion Global Forwarding.
The ASIC data shows a sharp upward trend in insolvencies within Australia’s transport, postal and warehousing…
