EXCLUSIVE: Marchetti in administration, but plans new phase

By: Jason Whittaker


Melbourne-based Marhcetti Transport is moving to "another phase" following its decision to go into voluntary administration on June 31 due

Melbourne-based Marhcetti Transport is moving to "another phase" following its decision to go into voluntary administration on June 31 due in part to surging fuel prices.

Speaking to ATN, Marchetti Chief Executive Steve Campbell revealed the Dandenong operator is restructuring in an effort to continue in an environment dominated by increasing running and regulatory costs.

Campbell says there is a lot work going on to get Marchetti back on its feet in less than month. He says it is unfortunate it had to go into administration, but he is confident a solution can be reached to ensure the company can continue to be profitable into the future.

"We are hoping to launch Marchetti ‘mach 2’ and hoping to continue on," he says.

"We are working hard."

While declining to make further comment on what this new phase will entail, Campbell says fuel costs was one of many factors that played a role in the company’s decision to go into administration to restructure its business.

"When your fuel bill doubles within two months and your fuel levies take another two months to catch up, that basically brings you undone," he says.

"From a cash position, that certainly did not help us."

The privately-owned logistics company has been operating since 1952 and offers a wide range of services including inventory management as well as local distribution and line haul.

Marchetti has an expansive distribution arm, with hubs in each capital city along the eastern seaboard. Its line haul component operates all over Australia with daily departures from each of the capital cities.

PPB has been appointed as administrators, with Andrew McLellan and Daniel Bryant from the firm’s Victorian office working with Marchetti.

PPB recently went trough a restructuring phase of its own, merging with three other companies. On July 1, Big 4 accounting, Banking and Advisory and SimsPartners became part of PPB, with its board being made up of each of the managing partners of the four firms.

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