DJK Transport, a trucking company that has operated for 57 years across multiple Australian states, has entered voluntary liquidation. The company, based in western Sydney, was placed into liquidation on Friday after a restructuring practitioner was appointed in July.
DJK Transport delivered freight cargo across New South Wales, Queensland, Victoria and South Australia, serving mining companies, supermarkets and department stores. The company is registered under sole shareholder and director David Kean.
Two other transport companies with Mr Kean as sole director, AKG Trucking and Round Em Up Transport, also entered voluntary liquidation on Friday.
The collapse follows a string of failures in Australia's transport sector, including XL Express, which went under in July after more than three decades of operation, and Don Watson Transport, a 77-year-old business that collapsed in June.
Industry experts attribute the wave of collapses to rising operating costs, labour shortages, and decreasing profit margins. The transport, postal and warehousing sector saw insolvencies increase by 153 per cent between financial years 2021-2022 and 2023-2024, according to ASIC data.
