According to a Reuters report today , Japan Post Holdings has confirmed it will book its first annual loss in at least a decade, after unveiling a $US3.6 billion ($4.7 billion) writedown on its Australian logistics arm Toll Holdings. Japan Post estimated its loss at 40 billion yen ($470 million) for the year ended in […]
Toll Group
3PL Update | Toll Group to cut Jobs in Australia
According to the Herald Sun, the Toll Group, owned by Japan Post, will cut up to 200 management, support and back office staff from its Australian operations. The Australian Financial Review also reported a similar story saying and that Toll Group was targeting job cuts as a result of an earnings slump. This news come on […]
Toll launches pop-up delivery hubs
Toll Group has launched a new consumer-to-consumer parcel delivery service this week with the opening of new pop-up delivery hubs in selected Westfield shopping centres. Just in time for Christmas, this service will help shoppers skip the queues and access competitive pricing for fast domestic parcel deliveries. The pop-up delivery hubs, designed to simulate our […]
Toll to set up fully automated e-commerce fashion distribution centre
As reported by Transport and Logistics News the Toll Group is working with Dematic to develop a market-leading distribution centre (DC) in Sydney. The DC will be one of the first in Australia designed to cater for the growing e-commerce/fashion market. The 32,000 square metre state-of-the-art DC with advanced automation technology will enable fast and efficient delivery […]
Toll Group In 6.5 Billion Takeover by bid Japan Post
Japan Post has made a 6.5 Billion takeover bid for the Toll Group – Australia’s and Asia’s Pacific’s largest independent logistics group. Although the bid is subject to shareholder approval it is almost certain that it will be accepted. Toll Chairman Ray Horsburgh said: “We are delighted to recommend to shareholders that Toll joins with Japan […]