This should be in 'AFR' print edition on Monday 6 March 2023:"The receivers of collapsed freight giant Scott’s Refrigerated Logistics says it cannot provide assurances that food will continue to be supplied to its customers, some of the country’s largest supermarkets, after last-minute attempts to sell the company were unsuccessful.KordaMentha partner Scott Langdon, appointed last Monday by creditors of the logistics group, told The Australian Financial Review on Sunday that the company’s receivers “cannot provide customers and the public with an assurance that there will not be any disruption to services provided by Scott’s and the continuity of food supply”.Scott’s moves 8000 pallets, on average, daily and is one of the largest five refrigerated logistics companies in the country alongside Linfox, Lineage, Americold and Lindsay. Sources close to the company suggested many of its customers are small and medium-sized businesses, with Queensland’s north to be most affected by the closure..."
Both Linfox and our company LAU have substantial footprints in Queensland (and LAU, fortuitously, is based in Brisbane) so again, interesting to see what occurs.
I wouldn't rule LAU formally advising the market within a couple of weeks what's occurred or is to occur if considered 'material.'
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This should be in 'AFR' print edition on Monday 6 March...
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