Two hundred jobs have been lost in the collapse of a major trucking company that has gone into liquidation with $40million in estimated debts.

Transport and logistics company XL Express had been in business for 35 years and operated along Australia’s east coast, delivering freight and packages between sydney/index.html” id=”mol-b57da800-57df-11f0-be36-4dddbe539e12″ class=”class”>Sydney, Melbourne and Brisbane.

The company went into voluntary administration in June after it was locked out of its premises in Smithfield, south-west Sydney, due to unpaid rent.

Administration progressed to liquidation on Monday, with the company assessed as having no way of trading back to solvency.

XL Express is $41.9million in debt, with $5.3million owed to 200 staff and $3.4million to the tax office, administrators revealed. 

More than a dozen associated companies that operated under the XL Express group…