Buyer found for transport business

A buyer has been found for a Tasmanian courier and storage company which went into administration this week, and it is expected about 50 workers will keep their jobs.

Road Runners had planned to stop trading this afternoon, with the loss of about 100 jobs in Hobart, Devonport and Launceston.

But the administrator Paul Cook has announced the company is being sold to Chas Kelly Transport which will run it as a stand-alone business.

Mr Cook says the sale means a number of workers will keep their jobs, but others will be made redundant.

"There are still some loose ends to tie up of course, but in principle we've reached a sale position.

"In any event the company was overstaffed for the customer base that it had," he said.

Chas Kelly says about 30 jobs will have to go if the business is to be financially viable.

"Fortunately we're financially secure, and moving into the future Road Runners will have a good solid financial base.

"The brand remains the same, Road Runners, and the livery will stay the same, you know, I'm confident about the future of the company," Mr Kelly said.

Administrators say they are still calculating Road Runners' debts to its creditors.

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