<p>Reflecting on 50 years in transport, magnate Lindsay Fox has ruled out floating his company on the Australian Stock Exchange, predicting more consolidation in the transport industry and as a commited acquirer, says he has his eye on port assets.</p> <p>In a wide-ranging interview with ABC journalist Ali Moore, Mr Fox said his goal was to grow the business to a $6b company. </p> <p>“With the global companies that we deal with, the potential of being their pre-eminent supplier through India and China, we could be there in five years,” he said. </p> <p>“I’ll put my money on my place every time. Don’t forget with me, it is my money. Always has been, always will be.”</p> <p>Mr Fox said the company aimed to raise $5b in revenue to aid acquisitions opportunities with fewer customers, bigger volumes and the help of “a lot of friendly bankers”.</p> <p>From there, the business will grow organically, doing “whatever we’ve got to do by ourselves, as we’ve done”.</p> <p>“We don’t have any partners throughout Asia or throughout Australia,” he said. </p> <p>“We find that quite often with partnerships, both sides have got different objectives.”</p> <p>Mr Fox ruled out acquiring rail interests – “I don’t particularly want to run railroad” – looking instead to port assets. </p> <p>“I think ports are an interesting facet going forward,” he said. </p> <p>“The aspect of trucks, we’ve got trucks, but we also operate over 250 warehouses throughout South-East Asia and in our total group of employment, there’s 17,500 people that either work or contract directly to us and we’re still growing at somewhere around 22% per annum.”</p> <p>Full transcript here: http://www.abc.net.au/lateline/business/items�/s1766360.htm</p> <br />
