Linfox
 | |
| Industry | Airports, Logistics, Supply chain |
|---|---|
| Founded | 1956 |
| Founder | Lindsay Fox |
| Headquarters | , Australia |
Area served | |
Key people |
|
Number of employees | 24,000 |
| Subsidiaries |
|
| Website | linfox |
Linfox is an Australian transport and logistics and supply chain business founded in 1956 by Lindsay Fox.
History
[edit]
Linfox was established in 1956 by Lindsay Fox as Lindsay Fox Cartage with one truck in Melbourne. In 1958, a contract with Schweppes saw the fleet grow to ten trucks. In the early 60's Lindsay joined with BP to distribute heating oil in Melbourne thus doubling his fleet. By 1966, the fleet comprised over 60 trucks. In the 1970s it expanded into New South Wales and Queensland, operating over 1,000 vehicles by the end of the decade winning notable distribution and warehousing contracts with Coca-Cola, Coles and Woolworths.[1][2]
In 1984 Linfox commenced operations in Asia with an operation in Shanghai and in 1989 commenced operating in New Zealand.[2] In July 1987, 34% of the company was listed on the Australian Securities Exchange. Lindsay Fox purchased the shares back in 1988.[3][4]
In 1995, Linfox commenced operations in the United Kingdom for BP.[5][6] By the end of the 1990s, it operated 3,000 trucks.[2] In 1997 Avalon Airport was purchased followed in 2001 by Essendon Airport.[7]
In 2002, cash-in-transit transport company Armaguard was purchased from Mayne Group.[8][9] In 2004, the Phillip Island Grand Prix Circuit was purchased followed in 2006 by rail freight forwarder FCL Interstate Transport Services.[10][11][12]
In 2016, Linfox purchased a 14% shareholding in K&S Corporation,[13][14] which, by January 2019, had jumped to 20%.[15] In February 2019, after permission from the Federal Court, Aurizon, Queensland's intermodal container business was acquired by Linfox for A$7.3 million.[16][17][18]
References
[edit]- ^ 25 years of The Fox Truck & Bus Transportation November 1991 pages 83-85
- ^ a b c Our History Linfox
- ^ Fox's $17m bid to privatise Linfox Canberra Times 25 October 1988 page 17
- ^ Jumping right in, fleet first Australian Financial Review 11 January 1989
- ^ Quick Linfox gets UK deal Canberra Times 9 March 1995 page 15
- ^ Linfox sews up European deal Truck & Bus Transportation May 1995 page 10
- ^ About Avalon Avalon Airport
- ^ Are You Passing Another Mayne Truck & Bus Transportation November 2002 page 8
- ^ About Us Armaguard
- ^ Linfox reacts - snaps up FCL Sydney Morning Herald 18 August 2006
- ^ Linfox Transport Australia Pty Ltd - proposed acquisition of FCL Interstate Transport Services Pty Ltd Australian Competition & Consumer Commission 4 September 2006
- ^ "Linfox". Newsrail. Vol. 34, no. 10. Vic: ARHS Victoria Division. October 2006. p. 309. ISSN 0310-7477. OCLC 19676396.
- ^ Linfox snaps up $6.8 million K&S Corp shares in bargain buy Australasian Transport News February 2016 page 23
- ^ Linfox Share Buys Gain More Attention Australasian Transport News May 2016 page 21
- ^ Stensholt, John (3 June 2019). "Trucking and logistics just the beginning of Lindsay Fox's legacy". The Australian. Retrieved 1 March 2021.
The company's shares are up about 20 per since January 1, with Fox now having a stake worth about $36m.
- ^ Linfox acquires Aurizon’s Queensland Intermodal business Railway Gazette International 1 February 2019
- ^ Linfox takes over Aurizon Queensland Intermodal business Railway Digest March 2019 page 6
- ^ Wiggins, Jenny (12 October 2018). "Aurizon strikes new deal to sell Queensland intermodal business to Linfox for $7.3m". Australian Financial Review. Retrieved 1 March 2021.