Transport, postal and warehousing fifth-most likely sector to experience financial difficulty
The Australian Securities and Investments Commission (ASIC) has released its insolvency statistics for the 2017-18 financial year, with the transport, postal and warehousing category recording 379 insolvencies for the period equating to 5 per cent of the 7,613 cases across 24 industries.
Insolvency statistics: External administrators reports (July 2017 to June 2018) shows the transport, postal and warehousing sector was the fifth-most insolvent sector, behind only: retail trade (7.8 per cent), accommodation and food services (14 per cent), construction (21.6 per cent) and oth…
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