Some of Australia’s transport businesses have enjoyed a stellar year, according to IBISWorld’s Top 500 list of the country’s largest privately-owned companies.
Dairy products giant Murray Goulburn Co-operative (MG), which runs its own large tanker fleet was in third position overall with revenues of $2.9 billion. MG finished behind second placed, 7-Eleven stores, while paper recycling and packaging company, Visy Industries was in first place.
Transport and logistics giant, Linfox, came in sixth with $2.6 billion in revenue, which was up four per cent on the previous year.
Meanwhile, Border Express improved its ranking from position 297 to 263, while King’s Transport Group climbed from 340 to 309 as its core business grew while continuing to acquire other businesses.
One of Australia’s largest independent courier and express freight provider, Allied Express, almost managed to break out of the bottom 100 by placing 404th on the IBISWorld list, an improvement from its previous position at 450.
Each year corporate research specialists, IBISWorld, publishes a list of the top 500 private Australian companies based on their reported annual revenues.
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