NSW trucking company DJK Transport goes bust after | Australian Markets
An Australian trucking company has gone into liquidation after nearly 60 years in business.
DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in June.
The business is listed as being based mostly out of Austral in southwestern Sydney, and in accordance with its web site, has been a “trusted transport service since 1968” and nonetheless maintains the “original owner”.
DJK Transport supplied native and interstate freight and distribution, together with trailers, tautliners, and flat-top vehicles, in accordance with their web site.
The company beforehand undertook mine-related freight work, in addition to freight work for distribution centres for chain supermarkets and shops.
A liquidation discover posted to ASIC revealed that it was resolved at a common assembly on August 8 that the company be wound up.
Danny Vrkic was appointed liquidator.
A restructuring practitioner was earlier appointed on June 30, with the proposal period prolonged till August 5 on July 17.
Two different transport firms – AKG Trucking and Round Em Up Transport – entered voluntary liquidation on Friday.
Mr Vrkic was additionally appointed as liquidator for AKG Trucking and Round Em Up Transport.
Australia has grappled with a scarcity of freight drivers lately.
A 2024 International Road Transport Union survey discovered that some 28,000 driver positions have been unfilled.
It additionally discovered that about half of Australian trucking companies skilled “severe or very severe difficulty filling driver positions”.
The driving workforce was additionally ageing, with 47 per cent reporting to be more than 55 years of age.
A bit of more than 5 per cent have been underneath 25, with ladies additionally solely representing 6.5 per cent of drivers.
DJK Transport has been contacted for remark.
Stay up to date with the latest news within the Australian markets! Our web site is your go-to source for cutting-edge financial news, market trends, financial insights, and updates on native trade. We present day by day updates to make sure you have entry to the freshest data on Australian stock actions, commodity costs, currency fluctuations, and key financial developments.
Explore how these trends are shaping the long run of Australia’s economic system! Visit us commonly for probably the most partaking and informative market content material by clicking right here. Our fastidiously curated articles will keep you knowledgeable on market shifts, investment methods, regulatory modifications, and pivotal moments within the Australian financial panorama.