Toll Group
Toll Group operates a logistics and global freight forwarding network spanning 150 countries, with over 20,000 customers. Toll has more than 16,000 team members across 500 sites.[1]
| Industry | Freight Forwarding Logistics Transportation |
|---|---|
| Founded | 1888 |
| Founder | Albert Toll |
| Headquarters | , Australia |
Key people | Alan Beacham (Managing Director) Thomas Knudsen (Chairman) |
| Revenue | $5.8 billion (2023) |
Number of employees | 16,000 (October 2023) |
| Parent | Japan Post Holdings |
| Divisions | Global Forwarding Global Logistics |
| Website | www |
Toll Holdings Pty Limited (also referred to as Toll Group) is an Australian registered company, 100% owned by Japan Post Co., Ltd, which is 100% owned by Japan Post Holdings Co., Ltd which is listed on the Tokyo Stock Exchange.[2]
History edit
Albert Toll established Toll in Newcastle, Australia, in 1888. The business began by moving coal with horse and cart, and by the time of Albert's death at 95 in 1958, Toll was running a range of fleet trucks from five different locations.[3]
National Minerals purchased the business in 1959.[4] It then became a part of mining conglomerate Peko Wallsend a decade later. Peko Wallsend utilised the Toll transport business for all its transporting needs, making Toll a popular domestic carrier across the country.[5]
The business changed name to Toll-Chadwick when its new owners wanted to blend their businesses and start using containerised shipping. By the mid-1980s, Toll-Chadwick had evolved into one of Australia’s most significant transport companies, operating beyond the nation’s capital cities.[6][3]
Toll was purchased by its management team in 1986 by Toll’s first Chairman, Peter Rowsthorn and Toll’s Managing Director at the time, Paul Little. The duo developed the business through acquiring modest, strategically located transport companies.[7]
Public Company
In 1993, Toll listed on the Australian Securities Exchange.[2]
After its listing on the ASX, Toll progressively built its reach and service capabilities via a program of strategic acquisitions. In the process, Toll expanded its operations in logistics and freight forwarding across the Asia-Pacific region.[3]
Toll’s acquisition of SembCorp Logistics (SembLog) in 2006 significantly increased Toll’s market presence and reach across South East Asia, Greater China and the Indian Sub-Continent.[8] In this period, Toll acquired ST Logistics, a standalone subsidiary business in Singapore, which supports the Singapore Government with logistics in healthcare, defence, and homeland security.[9]
In 2008 Toll acquired BALtrans Logistics.[10] In 2009 Toll acquired Express Logistics Group, one of New Zealand's largest freight forwarding companies. In the same year Toll acquired Logistic Distribution Systems (LDS), a Dubai-based international freight forwarding company.[11][12]
In 2010 Toll acquired United States freight forwarder Summit Logistics.[13] In 2010 they acquired WT SeaAir and Genesis Forwarding.[14] The acquisitions added significant scale to the Toll Global Forwarding division in Europe.
In 2011 Toll acquired SAT Albatros (SAT), a Dubai-based provider of sea-air services.[15]
By 2014, Toll had 40,000 team members across 1,200 locations in more than 50 countries, and annual revenue of A$6.5 billion.[3]
Japan Post Acquisition
In 2015 Japan Post Holdings made a takeover offer for the Toll Group that was accepted.[16][17][18] In 2019, the Bass Strait ships Tasmanian Achiever and Victorian Reliance were replaced by the Tasmanian Achiever II and the Victorian Reliance II.[19][20]
In early 2021 Toll divested their 33% share in Bowmans Rail. In April 2021, Japan Post Holdings agreed to sell the Global Express division of Toll Holdings for 7.8 million Australian dollars.[21] The offer was accepted despite the fact that Toll Global Express had lost 67.4 billion yen — or roughly $624 million — for the fiscal year which ended in March 2021.[21]
Divisions edit
Global Forwarding edit
Toll Global Forwarding (TGF) provides international freight forwarding and supply chain management services that range from complex supply chain services through to port-to-port freight forwarding movements.[22]
It has eight business units: Americas; Australia and New Zealand; Greater China; South Africa and Zambia; United Kingdom and Ireland; Mainland Europe; Middle East and Indian Sub Continent; and South East Asia. Headquartered in Hong Kong, it has a global network of over 70 offices in over 30 countries throughout Asia, Europe, North America, Africa, Australia, New Zealand and the Middle East.[22]
In the 2014 financial year Toll Global Forwarding transacted an ocean freight volume of 542,000 TEUs and an air freight volume 114,000 tonnes.
TGF is the largest freight forwarder (in total TEU volume) to Asia. Toll has a diverse fleet that can move freight in a range of sizes and configurations. Toll has a specialised fleet to transport perishable freight.
Geographic reach edit
In 2012 TGF reported they had more than 70 offices in 25 countries and about 5,500 employees.[23]
The division's global reach is to more than 220 countries and territories.[22] TGF is active in six major trade lanes: Asia and Australia and New Zealand; Asia and the USA; Asia and Europe; Asia and the UK; Asia and South Africa; and Intra Asia.[22] In 2014 TGF reported they are moving forward from acquisition to consolidation, and restructure to re-engineering and growth. During the 2014 financial year, TGF reduced costs and improved productivity.
In 2008 Toll acquired BALtrans Logistics.[10]
In 2009 Toll acquired Express Logistics Group (ELG), one of New Zealand's largest freight forwarding companies.[24]
In 2009 Toll acquired Logistic Distribution Systems (LDS), a Dubai-based international freight forwarding company.[25]
In 2010 Toll acquired United States freight forwarder Summit Logistics.[13]
In 2010 they acquired WT SeaAir and Genesis Forwarding.[26] The acquisitions added significant scale to the Toll Global Forwarding division in Europe.[26]
In 2011 Toll acquired SAT Albatros (SAT), a Dubai-based provider of sea-air services.[27]
Global Logistics edit
Toll Global Logistics (TGL) is a division of the Toll Group. It provides what it calls "integrated logistics solutions" across the Asia Pacific region.[28]
The division offers a range of transport, warehousing and value-added services.[29]
Fleet edit
The division operates a fleet of air, sea, rail and road vehicles and vessels. The fleet has more than 19,000 vehicles including courier trucks, prime movers, b-doubles, and trailers; and 13,000 units of containers, ships, vessels and aeroplanes operating across the Asia Pacific region. In Singapore specifically, TGL was reported in 2011 as owning small cargo ships, which ferry container trucks to and from nearby ports in neighbouring Malaysia and Indonesia and a fleet of trucks consisting of about 70 Hino, Fuso and UD prime movers that have roughly seven single trailers for each mover.[30] In Vietnam TGL has over 300 trucks.[citation needed]
Geographic reach edit
The division has over 600 facilities in 15 countries and employs about 10,000 people. Its focus is on providing localised supply chain logistics.[31]
In China, Toll can deliver within 48 hours to 70 percent of the cities in Pan-China region. In Taiwan Toll can deliver within 24 hours to 90% of the island-wide points of delivery. In Thailand Toll can deliver to all provinces within 72 hours.[32]
In Indonesia, it has six distribution centres and in Korea the division has three centres. In Vietnam Toll has 15 sites. In Thailand, Toll can reach all provinces within 72 hours and cover over 4,000 drop points. Toll operates more than 20 logistics facilities in mainland China and delivers to over 1,600 cities across China.[33]
Former divisions edit
- Toll Domestic Forwarding apparently disappeared in a restructuring in 2017.
- Toll Resources & Government Logistics, assumed restructured.
IPEC edit
The Interstate Parcel Express Company (IPEC) was established in January 1954 and operated two Peugeot utility vehicles on express parcel services from Adelaide to Melbourne.[34][35] By 1968 it was operating in all Australian capital cities.[36]
In 1963, IPEC commenced operating interstate air freight services from Melbourne to Launceston service commencing with Douglas DC-3s chartered from Brain & Brown operating three services per night.[37]
In 1966 IPEC began operating another interstate air freight service between Brisbane and Cowra that contravened the Two Airlines Policy using a chartered Air Express Holdings Bristol Freighter, where it connected with trucks to Melbourne. IPEC had already purchased a Douglas DC-4 in England, however the Federal Government would not allow it into Australia.[38][39] The Cowra service ceased in 1967.[40][41]
In 1977 IPEC imported two Argosys followed by a further two in 1978.[42][43] In 1979, IPEC commenced operating services between Melbourne, Sydney and Brisbane using chartered East-West Airlines Fokker F27 Friendships.[44][45] A Douglas DC-9 was purchased in 1982.[46][47]
In October 1979, IPEC purchased British freight company Sayer Transport Group.[48] In December 1980 it purchased Skypack International with operations in 26 countries.[49] IPEC owned the Angus & Robertson publishing business until selling it to News Corporation in May 1981.[50] In 1983 Skypack International was sold to Thomas Nationwide Transport.[51][52]
In 1983 Mayne Nickless purchased a 50% shareholding.[53] In 1998 IPEC was purchased by Toll and rebranded Toll IPEC.[54][55]
In July 2007, Toll Holdings Limited acquired Victorian Express Pty Ltd which provided intrastate express freight services within Victoria.[56]
Global Express edit
Toll Global Express was a logistics and transportation division of the group. In 2012 it had plans to extend its compressed natural gas-powered fleet to more than 70 trucks.[57] In 2014 it announced a $150-million, 71,000-square-metre, parcel-sorting centre near Melbourne Airport, to be built in partnership with Australia Pacific Airports.[58]
Toll agreed to sell the division to Allegro Funds in April 2021.[59] In 2022 it was rebranded Team Global Express.[60]
See also edit
References edit
- ^ https://www.tollgroup.com/about
- ^ a b Toll Group 2 April 2015 page 19
- ^ a b c d "History". www.tollgroup.com. Retrieved 5 March 2024.
- ^ New Premises, Fleet for Newcastle Firm Truck & Bus Transportation February 1961 page 70
- ^ From Newcastle to the Moon ''Truck & Bus Transportation'' December 1965 pages 59–62
- ^ Toll is the Name Truck & Bus Transportation July 1985 page 7
- ^ "How Little turned an ailing Toll into giant". The Age. 23 August 2005. Retrieved 18 March 2024.
- ^ "Toll acquires stake in SembCorp". The Sydney Morning Herald. 6 March 2006. Retrieved 20 March 2024.
- ^ "Milestones | ST Logistics Pte Ltd". Retrieved 20 March 2024.
- ^ a b 6 March 2009 (6 March 2009). "Toll Global Forwarding Completes BALtrans Integration." Logistics Insight Asia. Retrieved 23 July 2013.
- ^ "Toll Holdings Limited – completed acquisition of Express Logistics Australia Pty Ltd". www.accc.gov.au. 21 December 2009. Retrieved 20 March 2024.
- ^ "Toll acquires Logistic Distribution Systems". gulfnews.com. 7 November 2009. Retrieved 20 March 2024.
- ^ a b 2 February 2010 (2 February 2010). "Toll acquires Summit Logistics." The Sydney Morning Herald. Retrieved 23 July 2013.
- ^ "Toll makes two acquisitions in UK". The Sydney Morning Herald. 9 July 2010. Retrieved 20 March 2024.
- ^ Staff, FreightWaves (1 February 2011). "Toll acquires Dubai sea-air specialist". FreightWaves. Retrieved 18 March 2024.
- ^ Toll board backs $6.5b takeover by Japan Post ABC News 18 February 2015
- ^ Toll takeover: Japan's great Australian takeaway Sydney Morning Herald 18 February 2015
- ^ Japan Post takes full ownership of Toll Australasian Transport News July 2015 page 26
- ^ Toll Group 28 November 2018
- ^ Toll Group 18 December 2018
- ^ a b "Japan Post to sell part of Australia's Toll, booking $624m loss". Nikkei. 20 April 2021. Retrieved 11 December 2021.
- ^ a b c d Toll Group website.. Retrieved 7 July 2013.
- ^ 19 June 2012 (9 June 2012). "Toll Global Forwarding – Investor Day Hong Kong to the Australian Stock Exchange.". Retrieved 23 July 2013.
- ^ 2 November 2009 (2 November 2009). "Toll Group Acquires NZ Freight Forwarder." Logistics Insight Asia. Retrieved 22 July 2013.
- ^ 9 November 2009 (9 November 2009). "Toll Group expands in the Middle East." 3PL/Logistics. Retrieved 23 July 2013.
- ^ a b 9 July 2010 (9 July 2010). "Toll Group makes freight forwarding acquisitions." Supply Chain Digital. Retrieved 23 July 2013.
- ^ 1 February 2011 (1 February 2011). "Toll buys Dubai-based forwarder". Cargonews Asia. Retrieved 22 July 2013.
- ^ Toll Holdings Limited Annual Report 2012 http://www.tollgroup.com/annualreports
- ^ Toll Group website. Retrieved 2013-07-07.
- ^ 11 February 2011 (11 February 2011). "Success is in the turnaround." Drive.com.au. Retrieved 18 August 2013.
- ^ 2013 (2013). "Toll Global Logistics." Supply Chain Digital. Retrieved 18 August 2013.
- ^ "Similar results". supplychaindigital.com.
- ^ 18 August 2010 (18 August 2010). "Toll buyout will bring auto expertise to China." Automotive Logistics. Retrieved 18 August 2013.
- ^ Fast handling is key feature of new Ipec transfer terminal Freight & Container Transportation May 1974 pages 34, 35, 45, 46
- ^ Toll Ipec
- ^ Ipec takes over removals business of WHA Clues Truck & Bus Transportation May 1968 page 127
- ^ IPEC flight defies Govt Canberra Times 23 June 1966 page 1
- ^ Ipec in the air Truck & Bus Transportation July 1966 page 194
- ^ Ipec air freight on the move Truck & Bus Transportation August 1966 page 120
- ^ Ipec air freight plan is shelved Truck & Bus Transportation August 1967 page 112
- ^ Ipec sells plane: Bris-Cowra air service stopped Freight & Container Transportation August 1967 page 42
- ^ Govt gives Ipec green light to import planes Freight & Container Transportation March 1977 page 3
- ^ Two more Argosies for Ipec arrive Freight & Container Transportation July 1978 page 6
- ^ New IPEC services Canberra Times 3 July 1979 page 7
- ^ Ipec's air cargo service starts as scheduled Freight & Container Transportation August 1979 page 5
- ^ Govt has approved Ipec importing jet aircraft Freight & Container Transportation September 1981 page 12
- ^ Ipec flying into Qld – and moving into air charter market Freight & Container Transportation August 1982 page 3
- ^ IPEC buys British transport group Canberra Times 13 October 1979 page 24
- ^ IPEC pays $3m for Skypack courier group Canberra Times 12 December 1980 page 15
- ^ News group to buy A and R Canberra Times 2 May 1981 page 19
- ^ Ipec sheds a global operation Canberra Times 17 February 1983 page 21
- ^ TNT take over Ipec's foreign courier service Freight & Container Transportation March 1983 page 31
- ^ Mayne Nickless lifts profit to $17.3m Canberra Times 26 February 1985 page 14
- ^ Mayne-Toll Deal The Australian 30 September 1998 page 43
- ^ Toll Group
- ^ Commission, Australian Competition and Consumer (7 April 2009). "Toll Holdings Limited – completed acquisition of Victorian Express Pty Ltd". Australian Competition and Consumer Commission.
- ^ 30 March 2012 (30 March 2012). "Toll's green rise with new Isuzu CNG fleet deal". Logistics & Materials Handling. Retrieved 18 August 2013.
- ^ "Toll starts work on huge Melbourne Airport facility". FullyLoaded.com.au.
- ^ "Toll Global Express has found a buyer". Trailer Magazine. 21 April 2021.
- ^ Toll Global Express is rebranding Trailer Magazine 6 September 2022
External links edit
Media related to Toll Holdings at Wikimedia Commons
- Official website