New name same road
Emerald and Rockhampton heavy haulage and crane business in administration
Wednesday 19 July 2017
Two businesses formed out of the ashes of McAleese transport have failed less than a year.
In August 2016 McAleese transport - formerly one of the region's oldest and biggest freight businesses with depots in Gladstone, Mackay, Rockhampton, Biloela, Emerald, and Moranbah - entered into administration.
Out of that administration process emerged a new private company called Rivet Group which had two separate subsidiaries, Australian Road Express and Rivet Mining Services.
Yesterday both called in administrators McGrathNicol.
Rivet Mining Services have the biggest presence in Central Queensland with heavy haulage and cranes depots in Emerald and Rockhampton to service the local mining sector.
Australian Road Express is headquartered in Perth and has around 20 prime movers that operate in every state of Australia except Tasmania, employing 180 people.
As is usually the case, the administrators have released a statement saying they will urgently assess the viability of the businesses.
"The Receivers intend to operate the ARX Group and the RMS East Group in the short-term while they conduct an urgent appraisal of the business," McGrathNicol said.
"The objective of the Receivers is to work closely with management, personnel, suppliers and customers to keep operations running as smoothly as possible while this appraisal takes place."
Other entities within the Rivet Group, including gas and oil transporter Rivet Energy and Refuel International operate independently and have not been affected by the administration.