Toll Group earlier this month named Matthew Warrington as president of its global forwarding division. Matthew joins Toll from Boston Consulting Group where he was a partner and director, leading the supply chain practice area for ANZ. With more than 30 years of experience in contract logistics and freight forwarding, Harrington has worked on both the customer and operator sides with global companies like Linfox, BevChain, Visy Group and GrainCorp. He joined Toll 18 months ago to … [Read more...] about Toll Group names new boss for forwarding division
With the reopening of the Shanghai port at the beginning of June, the pandemic-induced freight backlogs are finally starting to clear. However, given the various knock-on effects, don't expect supply chain disruptions to disappear for at least another nine to 12 months. The good news is that most companies now realise that the traditional just-in-time (JIT) model has serious flaws and are reacting and adapting their strategies. Increasingly, they are working with third-party logistics (3PL) … [Read more...] about Goodbye, just in time and hello, just in case!
Australian logistics player Toll Group is expanding its footprint across Asia with a newly opened local office in the Philippines, as it forecasts 'high' double-digit growth in the next five years. The team in the Philippines will focus on providing logistics services to key verticals in the industrial, retail, technology, and automotive sectors, allowing local businesses to tap opportunities beyond the archipelago, including regional manufacturing value chains. Benjamin Bathan, who was … [Read more...] about Toll Group opens office in the Philippines
Melbourne-based logistics provider Toll Group announced it has agreed to sell its express business to Australian private equity firm Allegro Funds for A$500 million (US$386 million), according to a press release. The Japan Post subsidiary said the move is consistent with its strategy to focus on its logistics strengths in Asia Pacific, particularly in contract logistics and freight forwarding. Also read: ESR Australia to buy logistics assets portfolio for US$3b “We have spent the last … [Read more...] about Toll Group to sell express unit for US$386 million
DHL Express (USA) has agreed to pay US$53 million to resolve an antitrust class action accusing the express company and others of participating in an international price-fixing scheme, according to documents filed this week in New York federal court. If approved, the settlement would allow DHL to exit the long-running litigation filed in 2008. As part of the deal, DHL has agreed to aid the plaintiff’s claims against the lone remaining defendant, Hellmann Worldwide Logistics Inc., although a … [Read more...] about DHL to pay $53m to settle price-fixing suit
Virgin Australia will launch its own cargo service from 1 July following the end of its current contract with the Toll Group on 30 June. The move is a part of the Group's Virgin Vision 2017 strategy. The launch of Virgin's own cargo service will bring it in direct competition with Toll and Qantas in the air-freight market. Virgin has a strategy team in its Sydney office that concentrates on freight. The company is currently targeting revenue between US$150 million and US$200 million from its … [Read more...] about Virgin Australia to launch own cargo business