Toll NZ
Encyclopedia
Toll Group Limited is a New Zealand
trucking
company. A subsidiary of the Australia
n company Toll Holdings
, it has its headquarters in Auckland
. It carries out operations by road and in the air, and formerly by rail and sea.
The company started in 2003 when Toll Holdings
purchased an 85% stake in Tranz Rail Holdings
. In January 2004, the company was renamed Toll New Zealand, with a new board
.
For the fiscal year ending November 2005, Toll NZ reported a net income of NZ$41.4 million on NZ$678 million of sales revenue. It has a market capitalization
of around NZ$600 million.
In May 2008 the New Zealand Government agreed to the purchase of Toll's rail and sea operation for $665 million. Minister of Finance
Michael Cullen had previously refused to confirm these rumors of a buy back in December 2007. The sale was completed in July 2008, with the rail and ferry operating company being named KiwiRail
Ltd.
Toll NZ was twice nominated for the Roger Award
for worst transnational corporation in New Zealand. (Tranz Rail
, which Toll took over, won the award three times.)
's largest trucking
company, has its headquarters in Onehunga
, Auckland. It operates a fleet of over 400 vehicles and 1,000 trailer units across both the North Island
and South Island
s. Major competitors include Mainfreight
and Linfox
.
Toll sold its refrigerated
operation, Tranz Link Refrigerated, to Hall's Refrigerated Transport in December 2005.
Toll Tranz Link works closely with other operators to share fleets; owner-drivers provide most of its truck
s.
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
trucking
Truck driver
A truck driver , is a person who earns a living as the driver of a truck, usually a semi truck, box truck, or dump truck.Truck drivers provide an essential service to...
company. A subsidiary of the Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n company Toll Holdings
Toll Holdings
TOLL , properly TOLL Holdings Limited, is Australia's largest transport company, based in Melbourne, Victoria. The company has operations in road, rail, sea and air in 55 countries....
, it has its headquarters in Auckland
Auckland
The Auckland metropolitan area , in the North Island of New Zealand, is the largest and most populous urban area in the country with residents, percent of the country's population. Auckland also has the largest Polynesian population of any city in the world...
. It carries out operations by road and in the air, and formerly by rail and sea.
The company started in 2003 when Toll Holdings
Toll Holdings
TOLL , properly TOLL Holdings Limited, is Australia's largest transport company, based in Melbourne, Victoria. The company has operations in road, rail, sea and air in 55 countries....
purchased an 85% stake in Tranz Rail Holdings
Tranz Rail
Tranz Rail, formally Tranz Rail Holdings Ltd , was the main rail operator in New Zealand from 1991 until it was purchased by Toll Holdings in 2003.- Formation :...
. In January 2004, the company was renamed Toll New Zealand, with a new board
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
.
For the fiscal year ending November 2005, Toll NZ reported a net income of NZ$41.4 million on NZ$678 million of sales revenue. It has a market capitalization
Market capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
of around NZ$600 million.
In May 2008 the New Zealand Government agreed to the purchase of Toll's rail and sea operation for $665 million. Minister of Finance
Minister of Finance (New Zealand)
The Minister of Finance is a senior figure within the government of New Zealand. The position is often considered to be the most important Cabinet role after that of the Prime Minister....
Michael Cullen had previously refused to confirm these rumors of a buy back in December 2007. The sale was completed in July 2008, with the rail and ferry operating company being named KiwiRail
KiwiRail
KiwiRail Holdings Limited is the rail operations subsidiary of the New Zealand Railways Corporation, which trades as KiwiRail. Headquartered in Wellington, New Zealand, KiwiRail is the largest rail transport operator in New Zealand. Since July 2010 John Spencer has been the Chairman...
Ltd.
Toll NZ was twice nominated for the Roger Award
Roger Award
The Roger Award For The Worst Transnational Corporation Operating in New Zealand is an annual media campaign run since 1997 by two activist organisations, Campaign Against Foreign Control of Aotearoa and GATT Watchdog...
for worst transnational corporation in New Zealand. (Tranz Rail
Tranz Rail
Tranz Rail, formally Tranz Rail Holdings Ltd , was the main rail operator in New Zealand from 1991 until it was purchased by Toll Holdings in 2003.- Formation :...
, which Toll took over, won the award three times.)
History
- 2003: Toll HoldingsToll HoldingsTOLL , properly TOLL Holdings Limited, is Australia's largest transport company, based in Melbourne, Victoria. The company has operations in road, rail, sea and air in 55 countries....
purchases Tranz Rail HoldingsTranz RailTranz Rail, formally Tranz Rail Holdings Ltd , was the main rail operator in New Zealand from 1991 until it was purchased by Toll Holdings in 2003.- Formation :...
. - 2003: Toll NZ sells its shareholding in TasRailTasRailTasrail was the brand name of the Australian National Railways Commission's operations on the mainline railways in Tasmania, formed when Australian National absorbed the former Tasmanian Government Railways in 1978...
to Toll Holdings subsidiary Pacific NationalPacific NationalPacific National is one of Australia's largest private rail freight businesses. Originally a joint venture between Patrick Corporation and Toll Holdings; it is now a wholly owned subsidiary of Asciano Limited following the restructure of Toll Holdings....
. - 2003: Toll NZ purchases New Zealand transport company JD Lyons for an undisclosed amount.
- 2004: Toll NZ begins negotiating access fees with New Zealand Railways CorporationNew Zealand Railways CorporationKiwiRail Network, formerly ONTRACK , is the infrastructure arm of KiwiRail. The ONTRACK trading name was introduced in 2004 after the government repurchased all of New Zealand's rail infrastructure from Toll NZ. It does not operate revenue rolling stock...
division ONTRACKOnTrackOnTrack was a regional rail line that operated in Syracuse, New York from 1994 to 2007. During its operation, Syracuse was the smallest city in the United States to have regional train service. The line ran from Colvin Street on the city's south side via Syracuse University and Armory Square to the...
. - 2005: Toll NZ reports a profit of NZ$41.5 million, an increase of 31%.
- 2005: Freight volumes on rail in New Zealand surpass those of the 1980s.
- 2006: Toll NZ, ONTRACK and the New Zealand PoliceNew Zealand PoliceThe New Zealand Police is the national police force of New Zealand, responsible for enforcing criminal law, enhancing public safety, maintaining order and keeping the peace throughout New Zealand...
introduce a safety-programme aimed at reducing deaths at railway level-crossings. - 2006: Toll Holdings purchases Patrick CorporationPatrick CorporationPatrick Corporation Ltd was an Australian publicly listed logistics conglomerate. Headed by CEO Chris Corrigan before it was absorbed by Toll Holdings in 2006, Patrick had interests in shipping, rail and aviation, including a 62% shareholding in airline Virgin Blue...
, making it the fourth-largest transport company in the world, behind FedExFedExFedEx Corporation , originally known as FDX Corporation, is a logistics services company, based in the United States with headquarters in Memphis, Tennessee...
and UPSUnited Parcel ServiceUnited Parcel Service, Inc. , typically referred to by the acronym UPS, is a package delivery company. Headquartered in Sandy Springs, Georgia, United States, UPS delivers more than 15 million packages a day to 6.1 million customers in more than 220 countries and territories around the...
). - 2007: Toll Holdings purchases the remaining stock of Toll NZ.
- 2008: Due to the failure of track access negotiations, the New Zealand Government buys Toll NZ's rail and sea assets for $665 million, naming the company KiwiRailKiwiRailKiwiRail Holdings Limited is the rail operations subsidiary of the New Zealand Railways Corporation, which trades as KiwiRail. Headquartered in Wellington, New Zealand, KiwiRail is the largest rail transport operator in New Zealand. Since July 2010 John Spencer has been the Chairman...
Holdings Ltd. - 2008: Toll Holdings buys New Zealand trucking firm United Carriers.
Toll Tranz Link
Toll Tranz Link, New ZealandNew Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
's largest trucking
Truck driver
A truck driver , is a person who earns a living as the driver of a truck, usually a semi truck, box truck, or dump truck.Truck drivers provide an essential service to...
company, has its headquarters in Onehunga
Onehunga
Onehunga is a suburb of Auckland City, New Zealand and the location of the Port of Onehunga, the city's small port on the Manukau Harbour. It is eight kilometres south of the city centre, close to the volcanic cone of One Tree Hill, Maungakiekie....
, Auckland. It operates a fleet of over 400 vehicles and 1,000 trailer units across both the North Island
North Island
The North Island is one of the two main islands of New Zealand, separated from the much less populous South Island by Cook Strait. The island is in area, making it the world's 14th-largest island...
and South Island
South Island
The South Island is the larger of the two major islands of New Zealand, the other being the more populous North Island. It is bordered to the north by Cook Strait, to the west by the Tasman Sea, to the south and east by the Pacific Ocean...
s. Major competitors include Mainfreight
Mainfreight
Mainfreight Limited is a New Zealand based trucking and logistics firm operating in Australia, China, the United States of America and New Zealand. Bruce Plested founded the firm in 1978, with $2700 and a 1969 Bedford truck. He was later joined by Neil Graham. When the firm was founded, it entered...
and Linfox
Linfox
Linfox is a logistics and supply chain company established in Australia by Lindsay Fox in 1956. The company started with one truck operated by Fox. With the acquisition of Armaguard from Mayne Logistics in 2003 and FCL in 2006, it is now the largest privately owned supply chain solutions company in...
.
Toll sold its refrigerated
Refrigeration
Refrigeration is a process in which work is done to move heat from one location to another. This work is traditionally done by mechanical work, but can also be done by magnetism, laser or other means...
operation, Tranz Link Refrigerated, to Hall's Refrigerated Transport in December 2005.
Toll Tranz Link works closely with other operators to share fleets; owner-drivers provide most of its truck
Truck
A truck or lorry is a motor vehicle designed to transport cargo. Trucks vary greatly in size, power, and configuration, with the smallest being mechanically similar to an automobile...
s.
Toll Priority
In 2004 Toll NZ launched a courier-mail service, Toll Priority. Media-sources stated that this initially aimed to provide distribution services for Toll Global Forwarding (formally Toll International).Corporate governance
| Executive Board Management | |
| Mark Rowsthorn Mark Rowsthorn Mark Rowsthorn is an Australian businessman in the transport industry. He serves as the Chairman of Toll NZ, New Zealand's largest transport company. He was recently the CEO of one of Australia's largest transport company, Asciano Limited.- Biography :... |
Chairman |
| David Jackson | CEO |
| Grant Devonport | CFO |
| Rodger D Armstrong | Director |
| John J Loughlin | Director |
External links
- Toll New Zealand
- Toll NZ at Hoovers
- Toll NZ at New Zealand Herald