Business
Toll dumps planes, ships and trucks as express business sold off – The Australian Financial Review
Chairman says it will be an Asia-Pacific logistics and forwarding company after putting its troubled $3.5 billion Australian express division on the block.
The direction today is very clear which is to follow Japan Posts original strategic vision and focus on being a pre-eminent Asia-Pacific logistics provider and only offer the Australian express unit for sale, retaining all the remainder of the Toll business in Australia and overseas.
Toll’s chief executive, Thomas Knudsen, is based in Singapore.
Despite having the name “global express”, Toll’s express business operates only in Australia. Apart from documents and parcels, it also moves cars and other…
-
General17 hours agoFerries and celebrities as pollies dash to win the west
-
Noosa News21 hours agoCSIRO, winemakers pair to breed mildew, climate-resistant grapevines
-
Noosa News18 hours agoChild killer Rick Thorburn who murdered Tiahleigh Palmer found dead in jail cell
-
Business22 hours ago3 ASX 200 stocks I’d buy and hold for the next 10 years