Thin margins, high risks and difficult trading have led to the voluntary demise of long established North Coast based NSW transport operator Mills Transport.
The Lismore-based road freight company has announced it will close its doors on September 25 after 91-years, voluntarily ceasing operations with managing director Reg Mills blaming thin margins are no longer making it worth the investment required to keep the business open.
“The family has formed the view that its investment in transport is no longer supported by the returns offered by the market,” Mills says.
It must be emphasised that there are no administrators or receivers involved in the shutdown and Mills says all creditors will be fully paid and all employee entitlements for the firms 100 staff will be met.
Mills says it is working with customers to help them find new freight providers, and also working with those contractors to find new jobs for Mills staff.
Mills Transport is a fourth generation family transport operation and was established in 1924, its distinctive green trucks work from depots in Lismore, Sydney, Brisbane, Coffs Harbour, Harwood, and Murwillumbah, providing interstate linehaul, port container work, and direct deliveries between Brisbane and Sydney.
“The transport industry has provided four generations of the Mills family with many opportunities, experiences and memories, and we appreciate the support we have received from our customers, suppliers and staff,” Mills said this week.