<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A national trucking company has been plunged into liquidation after 35 years in business, leaving about 200 employees without jobs.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>XL Express went into voluntary administration in June with administrators FTI Consulting appointed to review the company's finances and assess its viability.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Queensland-based company was founded in 1990 and expanded with depot and facility locations in Sydney, Melbourne, Adelaide, Perth and Darwin.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It is reported it has an estimated $42 million in debts.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/russia-ukraine-war-donald-trump-to-meet-vladimir-putin-and-volodymyr-zelensky-after-witkoff-trip-to-moscow/1debe0e7-75cf-4dd3-8ab7-02589276d0d2" target="_blank"><strong><span>Trump and Putin to come face-to-face in Ukraine war showdown</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The company also operated regional depots in Newcastle, Cairns, Townsville and Mackay.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The group's 200 employees were stood down after XL Express was locked out of its premises at Smithfield in Sydney's west in late June.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/national-transport-and-logistics-company-xl-express-plunges-into-liquidation-after-35-years-in-business-brisbane-queensland-national-australia/406bb125-cef8-4822-821a-095fd160d0e4" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>According to an </span><a href="https://publishednotices.asic.gov.au/browsesearch-notices?appointment=All&amp;noticestate=All&amp;companynameoracn=XL+Express&amp;court=&amp;district=&amp;dnotice=" rel="" target="_blank" title="ASIC notice published on Monday"><span>ASIC notice published on Monday</span></a><span>, creditors voted to wind up 17 other entities under the XL Express group.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The closure comes weeks after the Don Watson Group announced it would close after 77 years in business.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The national freight company was </span><a href="https://www.9news.com.au/national/don-watson-transport-shuts-down-after-77-years/4a80fab1-66c2-4279-9830-63cc1da4c315" rel="" target="_blank" title="a third-generation family-owned business with 290 vehicles in its fleet"><span>a third-generation family-owned business with 290 vehicles in its fleet</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>9News.com.au has contacted a representative for XL Express for comment.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple App Store</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a><strong><em><span>.</span></em></strong></div></div>

SHARE:

Leave A Reply

Your email address will not be published.*