Toll expands freight capability

News Story
- 15 Jul 2010 ( #470 ) - Melbourne, Victoria, Australia
1 min read
Toll managing director Paul Little.
Toll managing director Paul Little.
Australian-headquartered logistics specialist Toll Group is on the acquisition trail again, with the announcement that it will purchase two freight forwarding businesses headquartered in the United Kingdom to become a major player there.

Sea Air Group and Genesis Forwarding Group are, together, expected to generate around A$250 million (USD220 million) in revenue this year.

Toll managing director Paul Little says the two companies will provide significant scale to the group's Toll Global Forwarding (TGF) division in Europe, placing it in the top half dozen forwarders in the UK.

"TGF continues to grow its leadership position in Asian markets for key trade lanes into North America, Australia and the UK."

Both businesses are expected to contribute to the bottom line in year one, based on the combined purchase price of around A$150 million (USD130 million).
Kennards buys NZ’s Smiths
Kennards buys NZ’s Smiths 10 Nov 2022 - Auckland, New Zealand - 1 min read
Going, going, gone
Going, going, gone 12 May 2022 - Vancouver, BC, Canada - 3 min read
MHS and Fortna merge
MHS and Fortna merge 21 Apr 2022 - Louisville, KY, United States - 1 min read
Do you have materials handling news? Submit your news here
Inside The News
With companies large and small seeking to reduce their carbon footprints, most of the attention has so far focussed on direct carbon emissions... Continue reading

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction

Inside The News
With companies large and small seeking to reduce their carbon footprints, most of the attention has so far focussed on direct carbon emissions... Continue reading

PREMIUM business

TVH Headquarters
All parts and accessories for material handling, industrial vehicles, and construction and agricultural equipment.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

Tailift Material Handling Taiwan Co.,Ltd.
Focused simply for the new era.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now!