As reported in T&Lnews on Tuesday, Toll Global Forwarding (TGF) will use its new Asian forwarding and logistics operations, based on its BALtrans acquisition, as a platform to build the TGF network in the Middle East, South Africa, Europe and North America.
Toll Holdings of Australia acquired BALtrans Logistics in early 2008 and completed the re-branding of the company as Toll Global Forwarding on 27 February 2009.
Toll and BALtrans had highly complementary businesses in terms of strategy, capability, customers and industry segments with growth-oriented cultures and minimal network overlap.
Hugh Cushing, chief executive officer of Toll Global Forwarding, said: “The re-branding of BALtrans’ global offices to Toll Global Forwarding is a key milestone for Toll’s ambition to establish its own global presence. With a well-established network of freight forwarding professionals in 65 company-owned offices across 26 countries in Asia, Australia, The Americas, Europe, Middle East and Africa, Toll Global Forwarding can provide a comprehensive portfolio of logistics products and solutions to address our customers’ requirements.”
Toll generates annual consolidated revenues of AUD$5.6 billion and operates an extensive network of more than 700 sites in 45 countries across the world.
Regional director Europe and Middle East, (South Africa/Americas/Asia) John Gomes said: “Toll and BALtrans are an excellent fit, with no overlap. As a result, customers of the BALtrans business have seen over the past year that joining Toll has been all good news, with additional financial strength and resources being added to what was already an impressive and growing operation.
“The time is now right for us to unify all our forwarding activities under a single global brand, that clearly demonstrates the size and scope of our operations, and paves the way for further expansion of our network and services.”
Toll was founded in Australia in 1888 by Albert F. Toll as a coal haulage business, using horses and carts. The business was the subject of a management buyout in 1986, and since then has made more than 60 acquisitions. The group was listed on the ASX (Australian Stock Exchange) in 1993, and now employs over 30,000 staff.
BALtrans was founded in 1982 and is a leading freight forwarding and logistics group in Asia Pacific with its headquarters in Hong Kong and over 65 offices worldwide. BALtrans offers a wide range of services including airfreight forwarding, sea freight forwarding, sea-air combination services, exhibition forwarding, air chartering, international household removal, marine insurance brokerage, project shipping and logistics provision. BALtrans was listed on the Stock Exchange of Hong Kong Limited from 1992 to 2008. The acquisition of the Jardine Logistics Group in 2003 was a key milestone in BALtrans’ pursuit of growing through acquisition. BALtrans was acquired by Toll Group in February 2008.