| Toll Holdings Pty Limited | |
| Founded: | 1888 |
| Founder: | Albert Toll |
| Location City: | Melbourne |
| Location Country: | Australia |
| Key People: | Alan Beacham (Managing Director) Thomas Knudsen (Chairman) |
| Industry: | Freight Forwarding Logistics Transportation |
| Parent: | Japan Post Holdings |
| Revenue: | $5.8 billion (2023) |
| Num Employees: | 16,000 (October 2023) |
Toll Group operates a logistics and global freight forwarding network spanning 150 countries, with over 20,000 customers. Toll has more than 16,000 team members across 500 sites.[1]
Toll Holdings Pty Limited (also referred to as Toll Group) is an Australian registered company, 100% owned by Japan Post Co., Ltd, which is 100% owned by Japan Post Holdings Co., Ltd which is listed on the Tokyo Stock Exchange.[2]
Albert Toll established Toll in Newcastle, Australia, in 1888. The business began by moving coal with horse and cart, and by the time of Albert's death at 95 in 1958, Toll was running a range of fleet trucks from five different locations.[3]
National Minerals purchased the business in 1959.[4] It then became a part of mining conglomerate Peko Wallsend a decade later. Peko Wallsend utilised the Toll transport business for all its transporting needs, making Toll a popular domestic carrier across the country.[5]
The business changed name to Toll-Chadwick when its new owners wanted to blend their businesses and start using containerised shipping. By the mid-1980s, Toll-Chadwick had evolved into one of Australia’s most significant transport companies, operating beyond the nation’s capital cities.[6]
Toll was purchased by its management team in 1986 by Toll’s first Chairman, Peter Rowsthorn and Toll’s Managing Director at the time, Paul Little. The duo developed the business through acquiring modest, strategically located transport companies.[7]
In 1993, Toll was listed on the Australian Securities Exchange.
After its listing on the ASX, Toll progressively built its reach and service capabilities via a program of strategic acquisitions. In the process, Toll expanded its operations in logistics and freight forwarding across the Asia-Pacific region.
Toll’s acquisition of SembCorp Logistics (SembLog) in 2006 significantly increased Toll’s market presence and reach across South East Asia, Greater China and the Indian Sub-Continent.[8] In this period, Toll acquired ST Logistics, a standalone subsidiary business in Singapore, which supports the Singapore Government with logistics in healthcare, defence, and homeland security.[9]
In 2008 Toll acquired BALtrans Logistics.[10] In 2009 Toll acquired Express Logistics Group, one of New Zealand's largest freight forwarding companies. In the same year Toll acquired Logistic Distribution Systems (LDS), a Dubai-based international freight forwarding company.[11] [12]
In 2010 Toll acquired United States freight forwarder Summit Logistics.[13] In 2010 they acquired WT SeaAir and Genesis Forwarding.[14] The acquisitions added significant scale to the Toll Global Forwarding division in Europe.
In 2011 Toll acquired SAT Albatros (SAT), a Dubai-based provider of sea-air services.[15]
By 2014, Toll had 40,000 team members across 1,200 locations in more than 50 countries, and annual revenue of A$6.5 billion.
On 18 February 2015, Toll's Board announced that it had accepted a proposal from Japan Post to acquire all of Toll's shares. Japan Post was looking to Toll to grow its global logistics operations and expansion across Asia.[16]
On 13 May 2015, Toll shareholders voted in favour of the acquisition.[17] On 28 May 2015, Toll formally became a division of Japan Post.[18] Toll remained headquartered in Melbourne and retained the Toll brand in Australia and around the world.
Toll continued to grow in Asia, investing AU$228 million in Toll City, a multi-story logistics facility in Singapore in 2017.[19]
In 2020, Toll divested its logistics business in the United States, maintaining its freight forwarding operations; and on 1 September 2021, the Toll Global Express business in Australia and New Zealand was sold to Allegro Funds.[20]
In 2023, Toll acquired a business in Australia, ASQ, an operator of uncrewed aircraft systems (drone), and became the majority shareholder in its joint venture in Dubai, CWT-SML.[21]
Today, Toll has dual headquarters in Melbourne and Singapore, with contract logistics operations across the Asia Pacific and a global freight forwarding business. In 2023, the company had 10,00 team members globally, 20,000 customers, and revenue of AU5.6 billion.
Toll provides international freight forwarding and supply chain management services that range from airport-to-(air)port and door-to-door freight forwarding movements to complex supply chain services and project movements involving over-dimensional, out-of-gauge, and heavy haulage cargo.
Headquartered in Singapore, Toll Global Forwarding operates in four regions: Australia and New Zealand; Asia; Europe, Middle East, and Africa; and North America.[22] It has 90 sites in 28 markets which, combined with an agent network, services more than 150 markets. It is one of the largest freight forwarders on the Asia to Australia, New Zealand, and USA corridors.
In 2023, Toll Global Forwarding managed around 500,000 air and ocean freight shipments.
Toll provides warehousing and transportation contract logistics across the Asia Pacific region, including Australia, Singapore, Malaysia, Indonesia, Vietnam, Thailand, India, China, Taiwan and Korea.[23]
Toll provides end-to-end supply chain services for a range of industries including retail and consumer, grocery, healthcare, automotive, industrial, energy, government and defence.[24] The company operates 500 plus warehouse facilities and a transportation fleet of more than 44,000 vehicles, vessels, plant and equipment.
Toll specialises in customised supply chain solutions, supported by innovation centre control tower systems across the region. In 2022, Toll opened a $20 million innovation center in Singapore to lead advancements in supply chain solutions.[25]
Toll provides logistics, transport and warehouse distribution solutions including:
Toll is the first and only service provider to operate a fleet of Super B-doubles on a fixed route in Singapore and operates the Toll Helicopter ambulance rescue services in Australia.[27] [28]
The Interstate Parcel Express Company (IPEC) was established in January 1954 and operated two Peugeot utility vehicles on express parcel services from Adelaide to Melbourne.[29] [30] By 1968 it was operating in all Australian capital cities.[31]
In 1963, IPEC commenced operating interstate air freight services from Melbourne to Launceston service commencing with Douglas DC-3s chartered from Brain & Brown operating three services per night.[32] In 1966 IPEC began operating another interstate air freight service between Brisbane and Cowra that contravened the Two Airlines Policy using a chartered Air Express Holdings Bristol Freighter, where it connected with trucks to Melbourne. IPEC had already purchased a Douglas DC-4 in England, however the Federal Government would not allow it into Australia.[33] [34] The Cowra service ceased in 1967.[35] [36] In 1977 IPEC imported two Argosys followed by a further two in 1978.[37] [38] In 1979, IPEC commenced operating services between Melbourne, Sydney and Brisbane using chartered East-West Airlines Fokker F27 Friendships.[39] [40] A Douglas DC-9 was purchased in 1982.[41] [42]
In October 1979, IPEC purchased British freight company Sayer Transport Group.[43] In December 1980 it purchased Skypack International with operations in 26 countries.[44] IPEC owned the Angus & Robertson publishing business until selling it to News Corporation in May 1981.[45] In 1983 Skypack International was sold to Thomas Nationwide Transport.[46] [47]
In 1983 Mayne Nickless purchased a 50% shareholding.[48] In 1998 IPEC was purchased by Toll and rebranded Toll IPEC.[49] [50]
In July 2007, Toll Holdings Limited acquired Victorian Express Pty Ltd which provided intrastate express freight services within Victoria.[51]
Toll Global Express was a logistics and transportation division of the group. In 2012 it had plans to extend its compressed natural gas-powered fleet to more than 70 trucks.[52] In 2014 it announced a $150-million, 71,000-square-metre, parcel-sorting centre near Melbourne Airport, to be built in partnership with Australia Pacific Airports.[53]
Toll agreed to sell the division to Allegro Funds in April 2021.[54] In 2022 it was rebranded Team Global Express.[55]