Greenfreight sells its highway business after more than 50 years
The trucking family business founded in Myrtleford in 1973 has sold its core highway transport arm to a national logistics firm.
Greenfreight, a family-run trucking company now based in Albury-Wodonga, has sold the bulk of its business to a large national transport operator. The Green family said the decision followed several months of careful thought.
Rising fuel costs, January's bushfires, pressure on freight rates and weak demand squeezed the business. The company will keep its specialist transport services.
Founded in 1973 by Fred and Barbara Green with logs and timber haulage, the firm grew to more than 150 prime movers and 323 trailers at its peak. Its headquarters moved to Albury-Wodonga in the early 1980s.
Tony Green, one of Fred and Barbara's three children, is the managing director. A transition plan with the new owner is underway to support staff and customers.
- 1973 in Myrtleford
- Founded
- 150 prime movers and 323 trailers
- Fleet at peak
- Fred Green in 2011
- Founder death
- $3 a litre
- Diesel price
Why it mattersThe sale marks the end of a major regional employer. It shows how fuel costs and natural disasters are reshaping Australia's transport industry.
AustraliaHundreds of transport jobs and contracts across regional NSW and Victoria are affected by the handover to the new owner.
✓ Claims checked against the source and corrected before publish. checked 3 d ago
