Toll NZ, formally Toll Holdings New Zealand Limited, New Zealand's largest trucking company in terms of annual revenue and sizecitation needed and a subsidiary of the Australian company Toll Holdings, 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 buy Toll NZ's rail and ferry operations for $665 million[2]. Minister of Finance Michael Cullen had previously refused to confirm these rumours of a buy back in December 2007.[3]. The sale was completed in July 2008, with Toll's rail and ferry assets being transferred to KiwiRail.
Toll NZ has twice been 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 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 ( now ONTRACK).
- 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.
- 2006: Toll Holdings purchases Patrick Corporation, making it the fourth-largest transport company in the world, behind FedEx and UPS).
- 2007: Toll Holdings purchases the remaining stock of Toll NZ
- 2008: The New Zealand Government buys the rail and ferry operations from Toll Holdings for $665 million. These assets become KiwiRail.
- 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[4]. 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 Fowarding (formally Toll Interational).
Corporate governance
References
External links
Toll NZ corporate web sites
Now part of KiwiRail, previously part of Toll NZ
Now KiwiRail suppliers, previously Toll NZ suppliers
Articles about Toll NZ
External links
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Rail operators of New Zealand |
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