After 35 years, Major Trucking Company collapses in the business world to let furious customers in the dark: ‘This is a disaster’

Two hundred jobs will be extracted as an important transport company that had been in operation for more than three decades goes bankrupt.

Transport and logistics company XL Express had operated on the east coast and delivered freight and packages between Sydney” Melbourne and Brisbane.

At a certain point the company had thrive enough to take on an important co-sponsor roll for the Brisbane Lions Offspring Team that contained logo rights on the uniform of the team.

The company went in voluntary administration last Friday, together with 16 other related companies.

FTI Consulting’s’ Kelly-Anne Trenfield, Joanne Dunn and Ross Blakely have been appointed as managers.

In a statement, FTI Consulting said they are carrying out an urgent assessment to consider the continuous viability of XL Express.

“Where services cannot be met, arrangements are made for customers to collect their goods in XL Express Group Distribution Centers,” said it.

The closure has sent shock waves in a number of industries with which the company did business as the concern grows on shipping assignments that are unfulfilled.

XL Express collapsed into voluntary administration after 35 years

Speaking with Daily Mail Australia, an insider in the publication industry said that this would affect their company.

“This is a disaster. We have excellent customer orders, and now they are stuck in the dark. “They said.

XL’s downfall only follows a few weeks after the collapse of another truck company Donson Transport.

After walking for more than 77 years, that company stopped active in June.

The truck industry has been under pressure in recent years, because global tensions cause an increase in fuel prices, which combines with labor deficits and increased government regulations.

Scott’s cooled logistics also collapsed in 2023, as by Austrian container services in 2024.

Managing partner of WA Insolvency Solutions, Jimmy TRPCEVSKI, said that he has seen an increase in insolvency agreements and questions from transport operators.

‘Companies are pressed from every direction, whether that is rising costs, labor shortages or compliance pressure. The margins are incredibly thin. ‘

The rather flourishing company was previously an important sponsor of the Brisbane Lions Team Team

More than 14,000 companies perished in the financial year 24-25, a new record

Don Watson Transport consisted of an estimated 22 million kilometers per year and operated depots in Sydney, Brisbane, Melbourne and Wodonga.

It also had Coldstore facilities in Sydney, Melbourne and Wodonga.

The 140 trucks from the group and 170 cooled trucks are sold, according to Beef Central.

Managing Director Lyndon Watson confirmed the closure of the staff in a memo.

“Due to current economic conditions, the Donson Group of Companies has made a clear decision to leave the warehousing and road transport industry,” the memo said.

‘We understand that this can come as a shock, but we have formed the position that is simply no longer possible to keep working.

‘To be clear, all employees will be influenced by this decision.

“All employees (who are made superfluous) receive all their rights in full in accordance with the conditions of relevant legislation and Enterprise agreements.”

The 2024-2025 financial year was the worst on record for insolventions, with 14,105 companies that perish, an increase of 26.8 percent compared to the last financial year.