Ann: Half Year Results Announcement, page-36

I stress again: we don't have joy at others' misfortune, such as c.1500 employees/contractors plus suppliers to Scott's out of a job, but the fact is a fire sale is coming up, and surely the ACCC would investigate and perhaps prohibit 'bottom feeder' (as 'The Oz' described it) Linfox from taking an even larger position in the intermodal freight domestic market - so that "may" leave only LAU:

(from 'Herald Sun' Friday 3 March 2023 online, just before 1800 AEDT):

"Australia’s biggest refrigerated logistics company, Scott’s, is being liquidated and its 1500 employees made redundant after its receivers could not find a buyer to maintain its operations.

The move threatens the delivery of food supplies to major supermarkets, with Scott’s servicing Coles and Aldi. It also delivers to Woolworths and IGA on behalf of suppliers.

Receiver KordaMentha told Scott’s employees late on Friday afternoon that they were being made redundant, with the business no longer to operate as a going concern.

Such is the dire state of the company’s finances that employee entitlements, which could top $50m, will be funded by the government redundancy scheme.

Scott’s fleet of 500 trucks and 24 cold storage warehouses will be sold. Receivers are in talks with potential buyers of these assets.

It was believed that the company could have been sold as a going concern, with three parties potentially interested in taking it over: Lindsay Fox’s Linfox, ASX-listed Lindsay and Toll Global.

But Toll Global, owned by private equity firm Allegro, ruled itself out of the contest early.

Scott’s biggest customers, including Coles, had agreed to help fund the company until a sale could be completed. But such was the size of the company’s earnings hole, that unless it found a buyer quickly, liquidation was the only option.."