The Australian transport sector is highly sensitive to challenges such as rising fuel costs and ongoing supply chain disruptions. These factors have led to an increase in insolvency cases across the industry.
Bottlenecks in regional transport centers, where containers became logjammed, pushed freight demand and costs to record highs – just as eCommerce growth spiked. To mitigate supply chain vulnerabilities, many companies are now diversifying suppliers across multiple countries and operators rather than relying heavily on single-country suppliers.
Additionally, Australia’s growing population further strains transport infrastructure, with congestion costs expected to be $39.8 billion by 2031. Rising oil prices and Australia’s underfunded road network add to the cost pressures on freight services, challenging profitability for transport operators.
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Olvera principals were appointed as Voluntary Administrators of the Keystone group. We played a key role in facilitating the ongoing trading operations and venue sales.
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