Kilburn-based Railroad Transport has been placed in voluntary liquidation with more than 100 staff around Australia made redundant.
Liquidator Tarquin Koch said the amount owed to them would be “north of $2.1 million”, but employee entitlements are covered under the federal Fair Entitlements Guarantee Scheme.
Although the company made slight losses on annual revenues of around $35 million in the past couple of financial years, there are no reports yet on exactly why the company has folded.
All its social media and web presence has been taken down and staff who are still answering the phone are directing all queries to the liquidator.
According to one report, company documents show the company’s shareholders voted that it be “wound up voluntarily” at a meeting held on Tuesday.
An archived copy of the website boasted of 51,000sq m of storage space across its depots in Adelaide, Perth and melbourne, and that it operated a large fleet of vehicles.
“Our impressive fleet can deliver freight of any kind or size, including food, oversized loads, machinery and cars, along with most special requirements,’’ the website said.
“Our transport machinery includes: road trains, – B-triples and B-doubles – semi…