Toll Group

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Toll Holdings Limited
Public
Traded as ASX: TOL, OTC Pink: THKUF
Industry Transportation
Founded As a business: 1888
As a public company: 1993
As Toll Holdings: 1986
Founder Albert Toll
Headquarters 380 St Kilda Road
Melbourne, Victoria, Australia
Key people
 Brian Kruger, CEO
Ray Horsburgh, Chairman
Revenue Increase A$8.8 billion (2014) [1]
Number of employees
 45,000+ (2012)
Divisions
Slogan The total logistics solution
Website www.tollgroup.com
Toll's 10-tonne electric truck by Smith Electric. It has a range of up to 200km and a top speed 95km/h. It runs on a lithium-ion 80kW battery, requires 5-6 hours overnight charge, and is zero-emission.
Toll 737 aircraft.
Toll Wagga Wagga Depot

Toll Holdings Limited is Australia's largest supply chain company, headquartered in Melbourne, Victoria. The company has operations in road, rail, sea, air and warehousing in 55 countries.

History[edit]

Toll was founded by Albert Toll in 1888 as a coal haulage business in Newcastle, Australia—hauling coal with horse and cart.[2] At the time of Albert Toll's death in 1958 at the age of 95, he was operating a fleet of trucks in five locations.[3]

In 1959 the Toll business was purchased by National Minerals. In 1962 it became part of mining conglomerate Peko Wallsend, which used Toll for all its transport activities. Under Peko Wallsend, Toll was developed into a national carrier. The company subsequently underwent a name change to Toll-Chadwick, and its new owners sought to integrate its businesses and expand into containerised shipping. By the mid-1980s, Toll-Chadwick had grown into one of Australia’s biggest transport operation outside the capital cities.

In 1986 Toll was sold to a management buyout team led by Managing Director Paul Little and Toll's first Chairman Peter Rowsthorn. In 1993 Toll listed on the ASX.[4]

In 2010 Toll commenced the One Toll Program which integrated operations under the One Toll umbrella. Externally the program drove the common external appearance and branding, and internally it drove common processes, culture and values.[4]

Operating divisions[edit]

An A F Toll marked Albion vehicle, when the business operated out of Sydney, Newcastle and Cessnock.
Toll Shipping's Tasmanian Achiever roll-on roll-off vessel

The Toll Group has five operating divisions:[when?]

Toll Global Forwarding[edit]

Toll Global Forwarding provides international freight forwarding and supply chain management services that range from complex supply chain services through to port-to-port freight forwarding movements.

Toll Global Logistics[edit]

Toll Global Logistics provides specialist contract logistics. It offers transport, warehousing and value-added services including: freight transport services, distribution services, warehousing, cross docking, wharf services, supply chain services and finished parts logistics.

Toll Global Resources[edit]

Toll Global Resources provides logistics and supply chain services to the oil and gas, mining, energy and government and defence sectors in Australia, Asia and Africa.

Toll Global Express[edit]

Toll Global Express provides parcel and courier delivery services; freight transport services such as local and interstate linehaul movements; distribution services such as pick, pack and delivery; data and document services such as document management, data warehousing and print management services; and aircraft and airport services including ground and cargo handling, passenger services and aircraft charter.

Toll Domestic Forwarding[edit]

Toll Domestic Forwarding provides domestic road, rail and sea freight forwarding within Australia and New Zealand.

Timeline[edit]

  • 1888 The company was founded in Newcastle, Australia.
  • 1960 After the death of its founder, Albert Toll, the company was sold to National Minerals Limited.
  • 1985 The company became Toll Transport
  • 1986 A management buyout team led by Paul Little and Peter Rowsthorn takes control of the company.
  • 1993 Listed as a public company on the Australian Stock Exchange
  • 1995 Various acquisitions of Australian transport companies, including parts of Brambles Transport, JN Transport
  • 1998 Purchases Interstate Parcel Express Company.
  • 1999 Sales growing by 52%, attaining major contracts with the distributors of Coca Cola
  • 2001 Acquired Finemore Holdings
  • 2001 Acquired Autotrans Car Transport based in Western Australia
  • 2001 Acquired Wesfarmers Transport based in Western Australia
  • 2002 Partnership with Patrick Corporation for Pacific National rail
  • 2003 Acquired New Zealand rail and trucking group Tranz Rail (now Toll NZ), and Tasmanian rail operator TasRail as part of Pacific National.
  • 2005 Acquired New Zealand trucking company JD Lyons.
  • 2006 Acquired Singaporean logistics company SembCorp Logistics (SembLog) [5]
  • 2006 Acquired Patrick Corporation after a long and acrimonious takeover battle.
  • 2007 Announced proposed acquisition of Hong Kong based freight forwarder BALtrans Holdings as part of the company's continued expansion into Asia.[6]
  • 2008 Acquired United Carriers based in New Zealand, sold Toll NZ's rail operations to New Zealand Government (renamed KiwiRail)
  • 2008 Acquired Gluck based in Melbourne
  • 2008 Acquired Extra Transport based in Melbourne
  • 2008 Announces contract to manage Kenya-Uganda Railway[7]
  • 2009 Acquired BIC Logistics India[8]
  • 2009 Acquired ST-Anda Logistics headquartered in Shanghai[9]
  • 2009 Acquired Perkins Shipping based in Darwin[10]
  • 2009 Acquired the Asian operations of Deltec, Kwikmail and Skynet [11]
  • 2009 Acquired Express Logistics Group based in New Zealand[12]
  • 2010 Acquired Summit Logistics International based in New Jersey [13]
  • 2010 Acquired DPEX Group from Qantas[14]
  • 2010 Acquired WT Sea Air Group based in the United Kingdom[15]
  • 2010 Acquired Genesis Forwarding Group based in the United Kingdom[15]
  • 2011 Managing Director, Paul Little Director retires
  • 2012 Brian Kruger takes over the role as Managing Director
  • 2013 Acquired Tasmanian freight forwarding service Trans Bass from Linfox
  • 2013 Toll celebrates 125 years

Environmental record[edit]

Toll is implementing a Smarter Green Program to develop sustainable responses that address their energy needs and to mitigate climate change risks. In the short term they are applying new technologies to reduce their consumption of non-renewable energy sources and to reduce their greenhouse gas emissions and in the long term they intend to increase their use of viable renewable energy sources and to develop sustainably. [16]

Toll has a target of reducing their emissions intensity from their Australian based operations by 20% over the ten year period, 2010 to 2020.[17] The company is currently[when?] trialing a variety of energy sources including biodiesel blends, natural gas, compressed natural gas, liquefied natural gas, diesel additives, electric and diesel-electric combinations.[16]

Based on data published in 2013, Toll IPEC has 25 vehicles running on compressed natural gas, Toll Mining Services has 94 dual fuel clean air power systems and five liquefied natural gas systems, Toll IPEC has electric small passenger cars and light commercial vehicles, Toll Transitions has a small fleet of electric / petrol Toyota Prius hybrids, Toll Energy has several AB Triples and Toll has a fleet of high productivity vehicles and Hino hybrid vehicles.[16]

Acquisition of Patrick Corporation—restructure and demerger[edit]

As part of the agreement with the Australian Competition and Consumer Commission over the acquisition of Patrick, Toll was required to dispose of several assets. It sold Patrick's Bass Strait Shipping and Tasmanian Freight Forwarding businesses to the Chas Kelly Transport Group.[18] It was originally required to also sell half of Pacific National, however, in 2007 Toll proposed a "variation" to separate Toll into separate logistics and infrastructure companies. Toll sought and received permission to retain complete ownership of Pacific National in the new Infrastructure Company provided that there was a complete separation of the boards and management of the two companies and all contracts between them were on an arm's length basis.[19] The Infrastructure Company is today known as Asciano Limited.

Sponsorship[edit]

Toll has sponsored V8 Supercars auto racing teams since the 2000s. From 2006 to 2008 it sponsored the HSV Dealer Team, where Rick Kelly and Garth Tander won the 2006 and 2007 championships. From 2008 to 2013 the company sponsored the Holden Racing Team.[20]

See also[edit]

References[edit]

  1. ^ Wiggins, Jenny (19 August 2014). "Toll Holdings warns conditions 'difficult'". The Sydney Morning Herald. Retrieved 24 November 2014. 
  2. ^ Dobbie, Mike (12 June 2005). "Keeping Toll a history of profits, top management". The Sun Herald (Fairfax Media). Archived from the original on 9 January 2015. 
  3. ^ History, Toll Group, archived from the original on 13 July 2014 
  4. ^ a b Annual General Meeting Chairman and Managing Director Speeches, ASX, retrieved 2010-10-29 
  5. ^ "Toll’s Asian growth platform successfully secured" (PDF) (Press release). Toll Holdings. 2006-05-03. Retrieved 2006-06-04. 
  6. ^ "Toll bids for Hong Kong Freight Group". The Age. 
  7. ^ Speedy, Blair (2008-10-10). "Toll to manage Kenya-Uganda railway". The Australian. Retrieved 2008-10-11. 
  8. ^ "Acquisition boosts Toll's linehaul business in India" (Press release). Toll Group. 1 May 2009. Archived from the original on 20 February 2011. 
  9. ^ "Toll Group acquires full ownership of its China operation" (Press release). 6 May 2009. Archived from the original on 25 February 2012. 
  10. ^ "Toll to acquire Perkins Shipping" (Press release). 15 June 2009. Archived from the original on 25 February 2012. 
  11. ^ "Toll Group acquires three Asian international express businesses" (Press release). Toll Group. 24 June 2009. Archived from the original on 25 February 2012. 
  12. ^ "Toll Group acquires leading NZ freight forwarder" (Press release). 23 October 2009. Archived from the original on 23 June 2013. 
  13. ^ "Toll Group acquires Summit to take leading role in Greater China-USA trade lane" (Press release). 2 February 2010. Archived from the original on 16 July 2011. 
  14. ^ "Toll Group announces Asian acquisition and provides trading update" (Press release). 7 June 2010. Archived from the original on 21 February 2011. 
  15. ^ a b "Toll Group joins the top tier in the UK with two freight forwarding acquisitions and announces divestment of investment in Pacorini Toll" (Press release). 9 July 2010. Archived from the original on 17 July 2011. 
  16. ^ a b c Environment Reporting: Managing climate change & energy risks, Toll Group, 2013 
  17. ^ Toll confident of gains from Federal anti-emissions policy, Australian Transport News, 16 January 2014, archived from the original on 11 March 2014 
  18. ^ "ACCC allows Toll to divest Tasmanian Shipping and Forwarding businesses to Chas Kelly Group" (Press release). Australian Competition and Consumer Commission. 8 March 2007. Retrieved 2007-04-05. 
  19. ^ Philip Hopkins (5 April 2007). "Toll set to hold Pacific National". Business (Melbourne: The Age). Retrieved 2007-04-05. 
  20. ^ Toll to end Holden Racing Team sponsorship, Speedcafe, 18 September 2013, archived from the original on 8 November 2014 

External links[edit]

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