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Large freight co shuts on ‘worst market downturn on record’

Christchurch-founded STL Linehaul owes more than $1.7m, first liquidators’ report reveals.

The first liquidators’ report has been released.

A large, 68-year-old freight business has collapsed after what it has described as “a long and hard battle” in the face of “the worst market downturn for freight in New Zealand on record”.

Christchurch-founded STL Linehaul went into liquidation last week by resolution of its shareholders,

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Large freight co shuts on ‘worst market downturn on record’
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