Stir­ling deal for CTI Lo­gis­tics in na­tion’s west

Australian Transport News - - NEWS -

CTI Lo­gis­tics will buy re­gional Western Aus­tralian freight car­rier Stir­ling Freight Ex­press for $ 4.5 mil­lion as the com­pany con­tin­ues with a na­tion-wide ex­pan­sion process.

A fam­ily- run busi­ness, Stir­ling op­er­ates de­pots in Perth, Al­bany, Bun­bury, Ger­ald­ton, Merredin and Kal­go­or­lie and pro­vides overnight de­liv­ery ser­vices to towns in the south­west of Western Aus­tralia with 100 em­ploy­ees and a fleet of over 50 ve­hi­cles.

All but the Merredin de­pot are fully owned by the ven­dors and will be leased by CTI, with these de­pot towns also boast­ing an on- ground fleet to help fur­ther fa­cil­i­tate prod­uct de­liv­ery.

The Stir­ling busi­ness will be merged into CTI’s ex­ist­ing re­gional freight net­work, with bases in Al­bany, Bun­bury and Perth – with the fu­ture Perth base to also house op­er­a­tions of CTI’s Broome Freight­lines and Bun­bury Freight Ser­vices.

CTI joint manag­ing di­rec­tor Bruce Sax­ild tells ATN that the po­ten­tial takeover had been on the cards for the past six months, with Stir­ling’s prin­ci­pals to re­main for a pe­riod to help over­see the busi­ness.

“It was just re­ally a case where the ven­dors got to a stage where they wanted to re­tire and we were the right fit to take the busi­ness over – it is a good pur­chase for us be­cause what it does is strengthen our re­gional net­work, which has been one of our stated goals for a num­ber of years,” he says.

“We will be tak­ing on all those em­ploy­ees, so it re­ally is busi­ness as usual.”

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