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Toll NZ

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Title: Toll NZ  
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Subject: Transport in New Zealand, Toll, List of railway companies, TR, Tranz Rail, Rail transport in New Zealand, Toll Group, Albert Toll, Patrick Corporation, KiwiRail Scenic Journeys
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Toll NZ

Toll Group (NZ) Limited
Private Company
Industry Logistics
Founded May 1, 2002 (2002-05-01)
Headquarters Auckland, New Zealand
Key people David Jackson, CEO
Austen Perrin, Chairman
Products Freight transport, storage and warehousing, sea-freight
Revenue Net income
Employees 4,545 (2005)
Parent Toll Holdings Limited (Australia)
Subsidiaries Toll (New Zealand) Ltd
Toll Finance (NZ) Ltd
Website

Toll Group (NZ) Limited is a New Zealand trucking company. A subsidiary of the Australian 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.[2] Minister of Finance Michael Cullen had previously refused to confirm these rumors of a buy back in December 2007.[3] 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.)

History

  • 2003: Toll Holdings purchases a controlling share of Tranz Rail Holdings.
  • 2003: Toll NZ sells its shareholding in TasRail to Toll Holdings subsidiary Pacific National.
  • 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 Corporation division ONTRACK. A report from the Land Transport Safety Authority (now the Land Transport Authority) concludes the Midland line is "fit for purpose" but requires major upgrading to continue to meet safety standards.[4]
  • 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 Police introduce a safety-programme aimed at reducing deaths at railway level-crossings. Toll reports revenues of NZ$725.8 million[5] and profit of $34.7 million.
  • 2007: Toll Holdings purchases the remaining public shares of Toll NZ, the company is delisted from the New Zealand Sharemarket.
  • 2008: Due to the failure of track access negotiations, the New Zealand Government buys Toll NZ's rail and sea assets for $665 million, forming a new company named KiwiRail, under the New Zealand Railways Corporation.
  • 2008: Toll Holdings buys New Zealand trucking firm United Carriers.

Toll Tranz Link

Toll Tranz Link, New Zealand'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 Islands. Major competitors include Mainfreight and Linfox.

Toll sold its refrigerated operation, Tranz Link Refrigerated, to Hall's Refrigerated Transport in December 2005.[6] Toll Tranz Link works closely with other operators to share fleets; owner-drivers provide most of its trucks.

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 Chairman
David Jackson CEO
Grant Devonport CFO
Rodger D Armstrong Director
John J Loughlin Director

References

External links

  • Toll New Zealand
  • Hoovers
  • New Zealand Herald
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