Two hundred jobs are set to be axed as a major trucking company that had been in business for more than three-decades goes bust.

Transport and logistic company XL Express had operated along the east coast, delivering freight and packages between Sydney, Melbourne and Brisbane.

The company had at one point thrived enough to take on a major co-sponsor role for the Brisbane Lions AFL team that included logo rights on the team’s uniform.

The business went into voluntary administration last Friday, along with 16 other related companies.

FTI Consulting’s ‘Kelly-Anne Trenfield, Joanne Dunn and Ross Blakely have been appointed as administrators.

In a statement, FTI Consulting said that they are conducting an urgent assessment, to consider the continued viability of XL Express.

‘Where services are unable to be fulfilled, arrangements are being made for customers to collect their goods held in XL Express Group distribution centres,’ it said.

The closure has sent shockwaves across a number of industries that the company did business with as concerns grow over shipping orders going unfulfilled.