Toll Group

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Toll Group
ISINAU000000TO27 Edit this on Wikidata
IndustryCourier
Logistics
Transportation
PredecessorSembCorp Logistics Edit this on Wikidata
Founded1888
FounderAlbert Toll
Headquarters,
Australia
Key people
Thomas Knudsen (Managing Director)
John Mullen (Executive Chairman)
Revenue$8.7 billion (2019)
$127 million (2019)
Number of employees
44,000 (March 2018)
ParentJapan Post Holdings
DivisionsGlobal Express
Global Forwarding
Global Logistics
SubsidiariesBowmans Rail (33%)
Websitewww.tollgroup.com

The Toll Group is an Australian transportation and logistics company with operations in road, rail, sea, air and warehousing. It has three divisions; Global Express, Global Forwarding, Global Logistics.[1] It is a subsidiary of Japan Post Holdings.

History[edit]

AF Toll Albion
Toll-Chadwick Kenworth
Toll Volvo FH in August 2013
Toll Priority Boeing 737 at Brisbane Airport in April 2012
UD in Japan

Built on a horse-and-cart coal hauling business begun in 1888 by Albert Toll in Newcastle, the Toll business was purchased by National Minerals in 1959.[2][3] In 1962 it was purchased by mining conglomerate Peko Wallsend.[4] Under Peko Wallsend, which used Toll for all its transport activities, Toll developed into a national carrier. In 1969 it merged with HH Chadwick to form Toll-Chadwick, and its new owners sought to integrate its businesses and expand into containerised shipping.[5][6]

After being rebranded Toll Transport in 1985, the next year it was sold in a management buyout to sold to Paul Little and Peter Rowsthorn with five depots and 125 trucks. In 1989 it was rebranded Toll Express after entering the interstate market and moved its headquarters from Newcastle to Melbourne.[6][7] In 1991 it began operating in Tasmania with the purchase of Tasmania Express.[8] In October 1993, it was listed on the Australian Securities Exchange.[9][10]

In 1996, Toll Express purchased Brambles Transport Industries, followed by eight TNT transport and logistics businesses in 1997.[10][11][12] In 1998 it acquired Ipec from Mayne Nickless.[8]

In 2001, Toll took over competitor Finemores[13][14][15] and the road transport interests of Wesfarmers taking its fleet to over 6,000 vehicles.[16][17]

In 2002, Toll purchased BHP's stevedoring business, took a 50% share in Pacific National that took over the FreightCorp and National Rail Corporation businesses,[18] acquired the Brambles Shipping business, including the ships Tasmanian Achiever and Victorian Reliance[19] and the Mayne Express business.[8][20][21]

In 2003, an 84% share in Tranz Rail was purchased and became Toll NZ. This was increased in 2007 to 100%.[22][23] In 2008 the New Zealand rail and ferry operations were sold to KiwiRail.[24]

In 2009, Toll took a 55% stake in the Toll Royal Railway, a joint venture with Kith Meng's Royal Group to takeover over the dilapidated metre-gauge network in Cambodia.[25] This was sold in December 2014.[26][27]

In July 2006 Toll acquired Patrick Corporation in a hostile takeover.[28] In 2007 Patrick and Pacific National, were spun-off into a stand alone listed company, Asciano.[29] In 2007, Toll sold a 50% share in Toll Air Services, its aircraft ground handling business to dnata who purchased the remainder of the business in 2017.[30] In 2012, Toll acquired a one-third shareholding in Bowmans Rail.[31]

In 2015 Japan Post Holdings made a takeover offer for the Toll Group that was accepted.[32][33][34] In 2019, the Bass Strait ships Tasmanian Achiever and Victorian Reliance were replaced by the Tasmanian Achiever II and the Victorian Reliance II.[35][36]

Divisions[edit]

Global Express[edit]

Toll Global Express is 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.[37] 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.[38]

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.[39]

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.[39]

In the 2014 financial year Toll Global Forwarding transacted an ocean freight volume of 542,000 TEU's and an air freight volume 114,000 tonnes.

TGF is the largest freight forwarder (in total twenty-foot equivalent unit (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 2014 TGF reported they had more than 130 offices in 25 countries and about 5,500 employees.[40]

The division’s global reach is to more than 220 countries and territories.[39] 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.[39] 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 2011 Toll acquired SAT Albatros (SAT), a Dubai based provider of sea-air services.[41]

In 2010 Toll acquired United States freight forwarder Summit Logistics.[42]

In 2010 they acquired WT SeaAir and Genesis Forwarding.[43] The acquisitions added significant scale to the Toll Global Forwarding division in Europe.[43]

In 2009 Toll acquired Logistic Distribution Systems (LDS), a Dubai-based international freight forwarding company.[44]

In 2009 Toll acquired Express Logistics Group (ELG), one of New Zealand’s largest freight forwarding companies.[45]

In 2008 Toll acquired BALtrans Logistics.[46]

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.[47]

The division offers a range of transport, warehousing and value-added services.[48]

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.[49] 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.[50]

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.[51]

In Indonesia it has six distribution centres and in Korea the division has two 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.[52]

Sponsorships[edit]

Motorsport[edit]

In 1998, company CEO Paul Little established a V8 Supercars team to promote the business. Paul Little Racing competed for seven years as a minnow team with Anthony Tratt driving, before Little closed the team and began sponsoring front-runners HSV Dealer Team with Rick Kelly and Garth Tander winning the 2006 and 2007 drivers' championships, before moving in 2008 with Tander to the sister Holden Racing Team until the end of the 2013 season.[53][54]

Other[edit]

In 2013, Toll Group was announced as a sponsor of the Amy Gillett Foundation, an Australian cycling advocacy group promoting road safety.[55] In 2016, Toll partnered with Driver Reviver, a community program advocating safe driving behaviour by encouraging motorists to take breaks while driving long distances.[56]

References[edit]

  1. ^ Scheme Booklet registered with ASIC Toll Group 2 April 2015 page 19
  2. ^ New Premises, Fleet for Newcastle Firm Truck & Bus Transportation February 1961 page 70
  3. ^ Obituary: Mr AV Toll Truck & Bus Transportation July 1970 page 178
  4. ^ From Newcastle to the Moon Truck & Bus Transportation December 1965 pages 59-62
  5. ^ Toll is the Name Truck & Bus Transportation July 1985 page 7
  6. ^ a b History Toll Group
  7. ^ Toll Transport expands to express Truck & Bus Transportation December 1989 page 14
  8. ^ a b c Acquisitions Toll Group
  9. ^ Toll has top equipment and a proud history in transport Truck & Bus Transportation December 1994 page 17
  10. ^ a b How Little turned ailing Toll into a giant The Age 23 August 2005
  11. ^ Toll moves into even bigger league with Brambles buy Truck & Bus Transportation August 1996 page 41
  12. ^ ACCC not to oppose Toll acquisition of some TNT businesses Australian Competition & Consumer Commission 14 November 1997
  13. ^ Toll offers $119 millon for Finemores Truck & Bus Transportation August 2000 page 8
  14. ^ Toll Completes Finemores Merger Toll Holdings 2 March 2001
  15. ^ Toll/Finemore merger final Truck & Bus Transportation April 2001 page 19
  16. ^ Sale of WA road freight transport business Wesfarmers 2 November 2001
  17. ^ Wesfarmers Sells Road Transport Assets Railway Digest December 2001 page 7
  18. ^ Patrick and Toll Consortium complete purchase of National Rail and Freightcorp Toll Holdings 22 February 2002
  19. ^ Toll Acquires Brambles Shipping Toll Holdings 31 October 2002
  20. ^ Toll purchases Brambles' cargo ships Sydney Morning Herald 1 November 2002
  21. ^ Toll Aquires Mayne Express Toll Holdings 1 November 2002
  22. ^ Toll to sell NZ infrastructure Railway Gazette International 1 April 2004
  23. ^ History of the railways in New Zealand New Zealand Herald 5 May 2008
  24. ^ Brief rail history KiwiRail
  25. ^ Cambodian rail concession signed Railway Gazette International 12 June 2009
  26. ^ Toll divests its stake in Cambodia railway Toll Group 22 December 2014
  27. ^ Toll Group divests Cambodian railway stake Railway Gazette International 22 December 2014
  28. ^ Compulsory Acquisition by Toll Holdings Limited of all shares in Patrick Corporation Limited Toll Holdings 3 July 2006
  29. ^ Share price hike saves day for Asciano ABC News 21 June 2009
  30. ^ Asia-Pacific round up Airline Routes & Ground Services 9 April 2018
  31. ^ Toll and AMG take shares in Bowmans Intermodal Australasian Transport News 21 December 2012
  32. ^ Toll board backs $6.5b takeover by Japan Post ABC News 18 February 2015
  33. ^ Toll takeover: Japan's great Australian takeaway Sydney Morning Herald 18 February 2015
  34. ^ Japan Post takes full ownership of Toll Australasian Transport News July 2015 page 26
  35. ^ Meet Tasmanian Achiever II Toll Group 28 November 2018
  36. ^ We welcome Victorian Reliance II Toll Group 18 December 2018
  37. ^ 30 March 2012 (2012-03-30). "Toll's green rise with new Isuzu CNG fleet deal". Logistics & Materials Handling. Retrieved 2013-08-18.
  38. ^ http://www.fullyloaded.com.au/news/logistics/1406/toll-starts-work-on-huge-melbourne-airport-facility/
  39. ^ a b c d Toll Group website. Retrieved 2013-07-07.
  40. ^ 19 June 2012 (2012-06-09). "Toll Global Forwarding – Investor Day Hong Kong to the Australian Stock Exchange." Retrieved 2013-07-23.
  41. ^ 1 February 2011 (2011-02-01). "Toll buys Dubai-based forwarder". Cargonews Asia. Retrieved 2013-07-22.
  42. ^ 2 February 2010 (2010-02-02). "Toll acquires Summit Logistics." The Sydney Morning Herald. Retrieved 2013-07-23.
  43. ^ a b 9 July 2010 (2010-07-09). "Toll Group makes freight forwarding acquisitions." Supply Chain Digital. Retrieved 2013-07-23.
  44. ^ 9 November 2009 (2009-11-09). "Toll Group expands in the Middle East." 3PL/Logistics. Retrieved 2013-07-23.
  45. ^ 2 November 2009 (2009-11-02). "Toll Group Acquires NZ Freight Forwarder." Logistics Insight Asia. Retrieved 2013-07-22.
  46. ^ 6 March 2009 (2009-03-06). "Toll Global Forwarding Completes BALtrans Integration." Logistics Insight Asia. Retrieved 2013-07-23.
  47. ^ Toll Holdings Limited Annual Report 2012 http://www.tollgroup.com/annualreports
  48. ^ Toll Group website. Retrieved 2013-07-07.
  49. ^ 11 February 2011 (2011-02-11). "Success is in the turnaround." Drive.com.au. Retrieved 2013-08-18.
  50. ^ 2013 (2013). "Toll Global Logistics." Supply Chain Digital. Retrieved 2013-08-18.
  51. ^ http://www.supplychaindigital.com/reports/toll-global-logistics
  52. ^ 18 August 2010 (2010-08-18). "Toll buyout will bring auto expertise to China." Automotive Logistics. Retrieved 2013-08-18.
  53. ^ Toll to end Holden Racing Team sponsorship, Speedcafe, 18 September 2013, archived from the original on 8 November 2014
  54. ^ Toll HRT and HSV V8 Sponsorships Toll Holdings
  55. ^ "Amy Gillett Foundation". Amy Gillett Foundation.
  56. ^ "Toll Driver Reviver will help you arrive alive". Victoria State Emergency Service.

External links[edit]

Media related to Toll Holdings at Wikimedia Commons