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…
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