Toll Group

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Toll Group
IndustryCourier
Logistics
Transportation
Founded1888
FounderAlbert Toll
Headquarters,
Australia
Key people
Ari (Managing Director)
John Mullen (Executive Chairman)
Revenue$7.8 billion (2020)
-$685.3 million (Loss) (2020)
Number of employees
44,000 (March 2018)
ParentJapan Post Holdings
DivisionsGlobal Forwarding
Global Logistics
SubsidiariesBowmans Rail (33%)
Websitewww.tollgroup.com

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

History[edit]

A Toll-Chadwick Kenworth K series

In 1888, Albert Toll began a horse-and-cart coal hauling business 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 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 Cambodian business 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]

In April 2021, Japan Post Holdings agreed to sell the Global Express division of Toll Holdings for 7.8 million Australian dollars.[37] 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.[37]

Divisions[edit]

IPEC[edit]

An IPEC McDonnell Douglas DC-9 in the early 1990s.

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.[38][39] By 1968 it was operating in all Australian capital cities.[40]

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.[41]

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.[42][43] The Cowra service ceased in 1967.[44][45]

Toll Priority Boeing 737 at Brisbane Airport in May 2011

In 1977 IPEC imported two Argosys followed by a further two in 1978.[46][47] In 1979, IPEC commenced operating services between Melbourne, Sydney and Brisbane using chartered East-West Airlines Fokker F27 Friendships.[48][49] A Douglas DC-9 was purchased in 1982.[50][51]

In October 1979, IPEC purchased British freight company Sayer Transport Group.[52] In December 1980 it purchased Skypack International with operations in 26 countries.[53] IPEC owned the Angus & Robertson publishing business until selling it to News Corporation in May 1981.[54] In 1983 Skypack International was sold to Thomas Nationwide Transport.[55][56]

In 1983 Mayne Nickless purchased a 50% shareholding.[57] In 1998 IPEC was purchased by Toll and rebranded Toll IPEC.[58][59]

In July 2007, Toll Holdings Limited acquired Victorian Express Pty Ltd which provided intrastate express freight services within Victoria.[60]

Global Express[edit]

A Toll Volvo FH semi-trailer truck in Ballarat in August 2013

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.[61] 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.[62]

Toll agreed to sell the division to Allegro Funds in April 2021.[63] In 2022 it was rebranded Team Global Express.[64]

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.[65]

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.[65]

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.[66]

The division's global reach is to more than 220 countries and territories.[65] 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.[65] 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.[67]

In 2009 Toll acquired Express Logistics Group (ELG), one of New Zealand's largest freight forwarding companies.[68]

In 2009 Toll acquired Logistic Distribution Systems (LDS), a Dubai-based international freight forwarding company.[69]

In 2010 Toll acquired United States freight forwarder Summit Logistics.[70]

In 2010 they acquired WT SeaAir and Genesis Forwarding.[71] The acquisitions added significant scale to the Toll Global Forwarding division in Europe.[71]

In 2011 Toll acquired SAT Albatros (SAT), a Dubai-based provider of sea-air services.[72]

Global Logistics[edit]

A Toll UD delivery truck in Japan

Toll Global Logistics (TGL) is a division of the Toll Group. It provides what it calls "integrated logistics solutions" across the Asia Pacific region.[73]

The division offers a range of transport, warehousing and value-added services.[74]

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.[75] 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.[76]

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.[77]

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.[78]

Former divisions[edit]

Sponsorships[edit]

Motorsport[edit]

In 1998, Toll sponsored the establishment of a V8 Supercars team by then CEO Paul Little. Paul Little Racing competed for seven years as a minnow team with Anthony Tratt driving, before the team was closed and Toll 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.[79][80]

Other[edit]

Toll has been involved in road safety programs. In 2013, Toll Group was announced as a sponsor of the Amy Gillett Foundation, an Australian cycling advocacy group promoting road safety.[81] In 2016, Toll partnered with Driver Reviver, a community program advocating safe driving behaviour by encouraging motorists to take breaks while driving long distances.[82]

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 million 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 Acquires 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. ^ a b "Japan Post to sell part of Australia's Toll, booking $624m loss". Nikkei. 20 April 2021. Retrieved 11 December 2021.
  38. ^ Fast handling is key feature of new Ipec transfer terminal Freight & Container Transportation May 1974 pages 34, 35, 45, 46
  39. ^ History Toll Ipec
  40. ^ Ipec takes over removals business of WHA Clues Truck & Bus Transportation May 1968 page 127
  41. ^ IPEC flight defies Govt Canberra Times 23 June 1966 page 1
  42. ^ Ipec in the air Truck & Bus Transportation July 1966 page 194
  43. ^ Ipec air freight on the move Truck & Bus Transportation August 1966 page 120
  44. ^ Ipec air freight plan is shelved Truck & Bus Transportation August 1967 page 112
  45. ^ Ipec sells plane: Bris-Cowra air service stopped Freight & Container Transportation August 1967 page 42
  46. ^ Govt gives Ipec green light to import planes Freight & Container Transportation March 1977 page 3
  47. ^ Two more Argosies for Ipec arrive Freight & Container Transportation July 1978 page 6
  48. ^ New IPEC services Canberra Times 3 July 1979 page 7
  49. ^ Ipec's air cargo service starts as scheduled Freight & Container Transportation August 1979 page 5
  50. ^ Govt has approved Ipec importing jet aircraft Freight & Container Transportation September 1981 page 12
  51. ^ Ipec flying into Qld - and moving into air charter market Freight & Container Transportation August 1982 page 3
  52. ^ IPEC buys British transport group Canberra Times 13 October 1979 page 24
  53. ^ IPEC pays $3m for Skypack courier group Canberra Times 12 December 1980 page 15
  54. ^ News group to buy A and R Canberra Times 2 May 1981 page 19
  55. ^ Ipec sheds a global operation Canberra Times 17 February 1983 page 21
  56. ^ TNT take over Ipec's foreign courier service Freight & Container Transportation March 1983 page 31
  57. ^ Mayne Nickless lifts profit to $17.3m Canberra Times 26 February 1985 page 14
  58. ^ Mayne-Toll Deal The Australian 30 September 1998 page 43
  59. ^ Acquisitions Toll Group
  60. ^ Commission, Australian Competition and Consumer (7 April 2009). "Toll Holdings Limited - completed acquisition of Victorian Express Pty Ltd". Australian Competition and Consumer Commission.
  61. ^ 30 March 2012 (30 March 2012). "Toll's green rise with new Isuzu CNG fleet deal". Logistics & Materials Handling. Retrieved 2013-08-18.
  62. ^ "Toll starts work on huge Melbourne Airport facility". FullyLoaded.com.au.
  63. ^ "Toll Global Express has found a buyer". Trailer Magazine. 21 April 2021.
  64. ^ Toll Global Express is rebranding Trailer Magazine 6 September 2022
  65. ^ a b c d Toll Group website.. Retrieved 2013-07-07.
  66. ^ 19 June 2012 (9 June 2012). "Toll Global Forwarding – Investor Day Hong Kong to the Australian Stock Exchange.". Retrieved 2013-07-23.
  67. ^ 6 March 2009 (6 March 2009). "Toll Global Forwarding Completes BALtrans Integration." Logistics Insight Asia. Retrieved 2013-07-23.
  68. ^ 2 November 2009 (2 November 2009). "Toll Group Acquires NZ Freight Forwarder." Logistics Insight Asia. Retrieved 2013-07-22.
  69. ^ 9 November 2009 (9 November 2009). "Toll Group expands in the Middle East." 3PL/Logistics. Retrieved 2013-07-23.
  70. ^ 2 February 2010 (2 February 2010). "Toll acquires Summit Logistics." The Sydney Morning Herald. Retrieved 2013-07-23.
  71. ^ a b 9 July 2010 (9 July 2010). "Toll Group makes freight forwarding acquisitions." Supply Chain Digital. Retrieved 2013-07-23.
  72. ^ 1 February 2011 (1 February 2011). "Toll buys Dubai-based forwarder". Cargonews Asia. Retrieved 2013-07-22.
  73. ^ Toll Holdings Limited Annual Report 2012 http://www.tollgroup.com/annualreports
  74. ^ Toll Group website. Retrieved 2013-07-07.
  75. ^ 11 February 2011 (11 February 2011). "Success is in the turnaround." Drive.com.au. Retrieved 2013-08-18.
  76. ^ 2013 (2013). "Toll Global Logistics." Supply Chain Digital. Retrieved 2013-08-18.
  77. ^ "Similar results". supplychaindigital.com.
  78. ^ 18 August 2010 (18 August 2010). "Toll buyout will bring auto expertise to China." Automotive Logistics. Retrieved 2013-08-18.
  79. ^ Toll to end Holden Racing Team sponsorship, Speedcafe, 18 September 2013, archived from the original on 8 November 2014
  80. ^ Toll HRT and HSV V8 Sponsorships Toll Holdings
  81. ^ "Amy Gillett Foundation". Amy Gillett Foundation.
  82. ^ "Toll Driver Reviver will help you arrive alive". Victoria State Emergency Service.

External links[edit]

Media related to Toll Holdings at Wikimedia Commons