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 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]
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]
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]
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.
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]
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]
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]
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]
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]
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]
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