The Toll Group has continued its acquisition push with the purchase of the Express Logistics Group (ELG) in late October, one of New Zealand’s largest freight forwarding companies for A$50 million (US$45 million) after acquiring Japan’s Footwork Express earlier in the month. ELG currently operates 12 freight forwarding branches across New Zealand, Australia and the US, and also provides value adding warehouse and transport services to its customers. ELG is principally … [Read more...] about Toll moves on Japan and New Zealand
Paul Little
Airfreight rising faster than seafreight: Toll
Expressing sentiment expressed recently by a number of players in the airfreight industry, Toll Group chief executive Paul Little has said that airfreight was leading seafreight as the global economic recovery gathers steam. Little also predicted a rebound beginning in the fourth quarter this year. "Interestingly we've probably seen more interest in airfreight than seafreight," Little said speaking on ABC's Inside Business program. "Airfreight, of course, is a direct result of people trying to … [Read more...] about Airfreight rising faster than seafreight: Toll
Toll acquires three Asian express businesses
Hot on the expansion trail, Australia’s Toll Group, a leading provider of integrated logistics services in the Asian region, has announced the acquisition of three Asian based international express businesses. Toll has acquired the Asian operations of Deltec in Hong Kong, Singapore and Australia to complement its existing air freight operations in Australia and New Zealand. The Deltec business has multiple product offerings including international express, local point to point … [Read more...] about Toll acquires three Asian express businesses
