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Toll Group

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Toll Holdings Pty Limited
Industry
Freight Forwarding
Logistics
Transportation
Founded1888
FounderAlbert Toll
Headquarters
Melbourne
,
Australia
Key people
Alan Beacham (Managing Director)
Thomas Knudsen (Chairman)
Revenue$5.8 billion (2023)
Number of employees
16,000 (October 2023)
ParentJapan Post Holdings
Websitetollgroup

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 byJapan Post HoldingsCo., Ltd which is listed on the Tokyo Stock Exchange.[2]

History

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An AF TollAlbionflatbed truck
A Toll-ChadwickKenworth K series

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

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In 1993, Toll was listed on theAustralian 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

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On 18 February 2015, Toll's Board announced that it had accepted a proposal from Japan Post to acquire all of Toll's shares. Japan Post was looking to Toll to grow its global logistics operations and expansion across Asia.[16]

On 13 May 2015, Toll shareholders voted in favour of the acquisition.[17]On 28 May 2015, Toll formally became a division of Japan Post.[18]Toll remained headquartered in Melbourne and retained the Toll brand in Australia and around the world.

Toll continued to grow in Asia, investing AU$228 million in Toll City, a multi-story logistics facility in Singapore in 2017.[19]

In 2020, Toll divested its logistics business in the United States, maintaining its freight forwarding operations; and on 1 September 2021, the Toll Global Express business in Australia and New Zealand was sold to Allegro Funds.[20]

In 2023, Toll acquired a business in Australia, ASQ, an operator of uncrewed aircraft systems (drone), and became the majority shareholder in its joint venture in Dubai, CWT-SML.[21]

Today, Toll has dual headquarters in Melbourne and Singapore, with contract logistics operations across the Asia Pacific and a global freight forwarding business. In 2023, the company had 10,00 team members globally, 20,000 customers, and revenue of AU5.6 billion.[3]

Toll's Service Offering

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Freight forwarding

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A TollVolvo FHsemi-trailer truckinBallaratin August 2013

Toll provides international freight forwarding and supply chain management services that range from airport-to-(air)port and door-to-door freight forwarding movements to complex supply chain services and project movements involving over-dimensional, out-of-gauge, and heavy haulage cargo.[1]

Headquartered in Singapore, Toll Global Forwarding operates in four regions: Australia and New Zealand; Asia; Europe, Middle East, and Africa; and North America.[22]It has 90 sites in 28 markets which, combined with an agent network, services more than 150 markets. It is one of the largest freight forwarders on the Asia to Australia, New Zealand, and USA corridors.[3]

In 2023, Toll Global Forwarding managed around 500,000 air and ocean freight shipments.

A TollUDdelivery truck inJapan

Contract logistics

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Toll provides warehousing and transportation contract logistics across the Asia Pacific region, including Australia, Singapore, Malaysia, Indonesia, Vietnam, Thailand, India, China, Taiwan and Korea.[23]

Toll provides end-to-end supply chain services for a range of industries including retail and consumer, grocery, healthcare, automotive, industrial, energy, government and defence.[24]

A Tollfuel tanker

The company operates 500 plus warehouse facilities and a transportation fleet of more than 44,000 vehicles, vessels, plant and equipment.[1]

Toll specialises in customised supply chain solutions, supported by innovation centre control tower systems across the region. In 2022, Toll opened a $20 million innovation center in Singapore to lead advancements in supply chain solutions.[25]

Toll provides logistics, transport and warehouse distribution solutions including:

  • Automated warehousing design
  • Omni-channel and ecommerce solutions[26]
  • Dedicated, specialised higher capacity transport solutions
  • Advanced, integrated telematics for bulk transport.

Toll is the first and only service provider to operate a fleet of Super B-doubles on a fixed route in Singapore and operates the Toll Helicopter ambulance rescue services in Australia.[27][28]

Former divisions

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IPEC

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

The Interstate Parcel Express Company (IPEC) was established in January 1954 and operated twoPeugeotutility vehicles on express parcel services fromAdelaidetoMelbourne.[29][30]By 1968 it was operating in all Australian capital cities.[31]

In 1963, IPEC commenced operating interstate air freight services fromMelbournetoLauncestonservice commencing withDouglas DC-3schartered from Brain & Brown operating three services per night.[32]

Tasmanian Achiever IIat thePort of Burniein March 2019

In 1966 IPEC began operating another interstate air freight service betweenBrisbaneandCowrathat contravened theTwo Airlines Policyusing a chartered Air Express HoldingsBristol Freighter,where it connected with trucks to Melbourne. IPEC had already purchased aDouglas DC-4in England, however theFederal Governmentwould not allow it into Australia.[33][34]The Cowra service ceased in 1967.[35][36]

Toll PriorityBoeing 737atBrisbane Airportin May 2011

In 1977 IPEC imported twoArgosysfollowed by a further two in 1978.[37][38]In 1979, IPEC commenced operating services between Melbourne,Sydneyand Brisbane using charteredEast-West AirlinesFokker F27 Friendships.[39][40]ADouglas DC-9was purchased in 1982.[41][42]

In October 1979, IPEC purchased British freight company Sayer Transport Group.[43]In December 1980 it purchased Skypack International with operations in 26 countries.[44]IPEC owned theAngus & Robertsonpublishing business until selling it toNews Corporationin May 1981.[45]In 1983 Skypack International was sold toThomas Nationwide Transport.[46][47]

In 1983Mayne Nicklesspurchased a 50% shareholding.[48]In 1998 IPEC was purchased by Toll and rebrandedToll IPEC.[49][50]

In July 2007, Toll Holdings Limited acquired Victorian Express Pty Ltd which provided intrastate express freight services within Victoria.[51]

Global Express

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Toll Global Expresswas a logistics and transportation division of the group. In 2012 it had plans to extend itscompressed natural gas-powered fleet to more than 70 trucks.[52]In 2014 it announced a $150-million, 71,000-square-metre, parcel-sorting centre nearMelbourne Airport,to be built in partnership withAustralia Pacific Airports.[53]

Toll agreed to sell the division toAllegro Fundsin April 2021.[54]In 2022 it was rebranded Team Global Express.[55]The Toll Shipping business was rebrandedStrait Link.[56][57][58]

See also

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References

[edit]
  1. ^abchttps:// tollgroup /about
  2. ^abScheme Booklet registered with ASICToll Group 2 April 2015 page 19
  3. ^abcdef"History".tollgroup.Retrieved5 March2024.
  4. ^New Premises, Fleet for Newcastle FirmTruck & Bus TransportationFebruary 1961 page 70
  5. ^From Newcastle to the Moon ''Truck & Bus Transportation'' December 1965 pages 59–62
  6. ^Toll is the NameTruck & Bus TransportationJuly 1985 page 7
  7. ^"How Little turned an ailing Toll into giant".The Age.23 August 2005.Retrieved18 March2024.
  8. ^"Toll acquires stake in SembCorp".The Sydney Morning Herald.6 March 2006.Retrieved20 March2024.
  9. ^"Milestones | ST Logistics Pte Ltd".Retrieved20 March2024.
  10. ^6 March 2009 (6 March 2009)."Toll Global Forwarding Completes BALtrans Integration."Logistics Insight Asia. Retrieved 23 July 2013.
  11. ^"Toll Holdings Limited – completed acquisition of Express Logistics Australia Pty Ltd".accc.gov.au.21 December 2009.Retrieved20 March2024.
  12. ^"Toll acquires Logistic Distribution Systems".gulfnews.7 November 2009.Retrieved20 March2024.
  13. ^2 February 2010 (2 February 2010)."Toll acquires Summit Logistics."The Sydney Morning Herald. Retrieved 23 July 2013.
  14. ^"Toll makes two acquisitions in UK".The Sydney Morning Herald.9 July 2010.Retrieved20 March2024.
  15. ^Staff, FreightWaves (1 February 2011)."Toll acquires Dubai sea-air specialist".FreightWaves.Retrieved18 March2024.
  16. ^"Japan Post snaps up Toll for $6.5 billion to create global logistics powerhouse".Australian Financial Review.18 February 2015.Retrieved18 April2024.
  17. ^Toll board backs $6.5b takeover by Japan PostABC News18 February 2015
  18. ^Toll takeover: Japan's great Australian takeawaySydney Morning Herald18 February 2015
  19. ^"Toll city".tollgroup.Retrieved18 April2024.
  20. ^"Toll Group completes sale of Global Express to Allegro Funds".tollgroup.Retrieved18 April2024.
  21. ^"Toll to become majority shareholder in its Dubai joint venture".tollgroup.Retrieved18 April2024.
  22. ^"Locations".tollgroup.Retrieved23 April2024.
  23. ^"Asia Pacific".tollgroup.Retrieved10 May2024.
  24. ^"Industries".tollgroup.Retrieved10 May2024.
  25. ^"Toll Group launches S$20 million global innovation centre in Singapore to create next generation supply chain".tollgroup.Retrieved10 May2024.
  26. ^"eCommerce & Omnichannel Logistics".tollgroup.Retrieved10 May2024.
  27. ^Boilerplate."Toll Ambulance Rescue Helicopter Service".The Toll NSW Ambulance Aeromedical Service.Retrieved10 May2024.
  28. ^Writer, Staff (17 May 2019)."Toll operates Vawdrey super B-double in Singapore".Global Trailer.Retrieved10 May2024.
  29. ^Fast handling is key feature of new Ipec transfer terminalFreight & Container TransportationMay 1974 pages 34, 35, 45, 46
  30. ^HistoryToll Ipec
  31. ^Ipec takes over removals business of WHA CluesTruck & Bus TransportationMay 1968 page 127
  32. ^IPEC flight defies GovtCanberra Times23 June 1966 page 1
  33. ^Ipec in the airTruck & Bus TransportationJuly 1966 page 194
  34. ^Ipec air freight on the moveTruck & Bus TransportationAugust 1966 page 120
  35. ^Ipec air freight plan is shelvedTruck & Bus TransportationAugust 1967 page 112
  36. ^Ipec sells plane: Bris-Cowra air service stoppedFreight & Container TransportationAugust 1967 page 42
  37. ^Govt gives Ipec green light to import planesFreight & Container TransportationMarch 1977 page 3
  38. ^Two more Argosies for Ipec arriveFreight & Container TransportationJuly 1978 page 6
  39. ^New IPEC servicesCanberra Times3 July 1979 page 7
  40. ^Ipec's air cargo service starts as scheduledFreight & Container TransportationAugust 1979 page 5
  41. ^Govt has approved Ipec importing jet aircraftFreight & Container TransportationSeptember 1981 page 12
  42. ^Ipec flying into Qld – and moving into air charter marketFreight & Container TransportationAugust 1982 page 3
  43. ^IPEC buys British transport groupCanberra Times13 October 1979 page 24
  44. ^IPEC pays $3m for Skypack courier groupCanberra Times12 December 1980 page 15
  45. ^News group to buy A and RCanberra Times2 May 1981 page 19
  46. ^Ipec sheds a global operationCanberra Times17 February 1983 page 21
  47. ^TNT take over Ipec's foreign courier serviceFreight & Container TransportationMarch 1983 page 31
  48. ^Mayne Nickless lifts profit to $17.3mCanberra Times26 February 1985 page 14
  49. ^Mayne-Toll DealThe Australian30 September 1998 page 43
  50. ^AcquisitionsToll Group
  51. ^Commission, Australian Competition and Consumer (7 April 2009)."Toll Holdings Limited – completed acquisition of Victorian Express Pty Ltd".Australian Competition and Consumer Commission.
  52. ^30 March 2012 (30 March 2012)."Toll's green rise with new Isuzu CNG fleet deal".Logistics & Materials Handling. Retrieved 18 August 2013.
  53. ^"Toll starts work on huge Melbourne Airport facility".Australasian Transport News.
  54. ^"Toll Global Express has found a buyer".Trailer Magazine. 21 April 2021.
  55. ^Toll Global Express is rebrandingTrailer Magazine6 September 2022
  56. ^Toll Shipping renamed Strait Link and becomes an independent companyStrait Link2 September 2022
  57. ^Freight company Toll Shipping rebrands as Strait LinkThe Advocate2 September 2022
  58. ^Toll Shipping becomes Straight LinkDaily Cargo News20 December 2022
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