Newsletter #432 (View other news stories)
Toll expands express freight operations
Melbourne, Victoria, Australia
Thursday, 15 Oct 2009
 Toll MD Paul Little. |
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Global logistics giant Toll Group has expanded its express freight operations, with the announcement this week that it has acquired one of Japan’s largest logistics companies, Footwork Express.
Subject to regulatory approval, the acquisition will result in Toll, which already owns 36% of the company, paying a further AUD95 million for the remaining 64% shareholding.
"The control we will gain from the acquisition of the remaining equity will allow us to make the operational changes needed to secure the future success of Footwork within Japan and the region," says Toll MD Paul Little.
Toll Group’s express service providers include Toll Ipec, Toll Priority, Toll Express and NQX Freight System.
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