Poor returns force Mills Transport to shut down


Reg Mills says the venerable northern NSW firm is no longer getting the return on investment required

Poor returns force Mills Transport to shut down
Mills Transport will cease operations on September 25

 

Lismore-based road freight company Mills Transport is preparing to close its doors.

The 91-year old business will voluntarily cease operations from the close of business on September 25, with managing director Reg Mills saying the thin margins are no longer worth the investment required to keep the business running.

The family owners had "formed the view that their investment in transport was no longer supported by the returns offered by the market," Mills says.

There are no administrators or receivers involved, and Mills says all creditors will be fully paid. Likewise, all employee entitlements will be accounted for.

The company has just over 100 staff.

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 has been in business since 1924, with four generations of the Mills family having managed its success.

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 told local media in Lismore this week.

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