Melbourne-based Stevo's Haulage goes into liquidation, with declining freight levels and personal matters leading to its demise
Stevo’s Haulage in Melbourne has gone into liquidation after a personal matter and declining freight levels forced directors to shut down the company last week.
A representative from the company says “the industry and with the way freight is at the moment” was the final straw in leading to the company’s demise.
However, it is not yet known whether Stevo’s will be split up or sold as a singular asset.
A well known presence on Australian roads, Stevo’s Haulage has worked primarily for Concord Park for some time.