Most of 180 workforce let go at collapsed truck firm Australian Road Express after failed sales bid   
The West Australian
21 July 2017


Most of the 180 workers at Perth-based Australian Road Express have been retrenched today after a short failed sales campaign by the transport and logistics company’s receivers.

Since being put into the loss-making business on Monday, receivers from McGrathNicol had kept Australian Road Express trading while gauging interest from potential buyers.

However, McGrathNicol said today that “despite productive discussions with a number of interested parties, no going-concern offers were received”.

Most of Australian Road Express’ workforce was subsequently laid off today as part of a managed wind-down of the company.   

“The focus is on assisting those employees to access their entitlements as soon as possible,” joint receiver Rob Kirman from McGrathNicol’s Perth office said.

McGrathNicol thanked employees, customers, suppliers and management for working constructively with the receivers during “this difficult time”.

Australian Road Express is part of Rivet Group, the renamed, multi-pronged McAleese transport business which only emerged from administration late last year.

The broader Rivet Group is unaffected by this week’s collapse.

Founded in 1991, Australian Road Express has leased depots in Forrestfield, Adelaide, Melbourne, Sydney and Brisbane.

These days there's plenty of jobs for the administrators !!

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