Toll recently acquired the Asian operations of Deltec in Hong Kong, Singapore and Australia to compliment its existing air freight operations in Australia and New Zealand. In addition, Toll has previously acquired Kwikmail and Skynet (Hong Kong).
It is expected that the new acquisitions will be integrated into the Toll Priority business, which is expanding its Asian-based express courier business.
“As we’ve been saying for some time, our customers increasingly expect Toll to provide them with international solutions to their logistics needs,” said Paul Little, managing director of the Toll Group.
“Hong Kong is the busiest cargo airport in the world and Singapore is the eighth busiest and the busiest in South East Asia so boosting Toll’s presence in these markets is an important advantage for our customers,” Mr Little said. Making this acquisition an important strategic move for Toll and it’s ongoing growth and development in the region.
Source: Transport and Logistics News