Target Express closure highlights Irish hauliers' plight
Target Express’s closure is just a taste of much worse to come, warns the head of the Irish Road Haulage Association (IRHA).
Eoin Gavin, IRHA president, says the announcement this week that Target Express, one of the largest privately owned hauliers in Ireland and Northern Ireland, had been forced to close is simply a taste of more to come.
“The industry is in dire straits at the present time,” says Gavin. “The price of diesel is rapidly increasing and the government is very slow to react and prevent further closures of transport company’s and the loss of associated jobs.”
The IRHA believes the current situation is not sustainable, putting 50,000 jobs associated with the road transport industry in Ireland at risk.
“Without the introduction of an Essential User Fuel Rebate for tax compliant, licensed operators that level of employment will drop dramatically over the coming months.
“Government intervention is urgently required,” he says.
- Grant Thornton has been appointed provisional liquidator of the Irish side of Target Express's business, which is registered in the country as College Freight Limited. A spokeswoman for Grant Thornton says: "A provisonal liquidator is appointed in situations where it is deemed neccessary by the High Court to immediately safeguard the assests of the company for the creditors or if there is a risk of the assets being dissipated."