ShippingWatch

Toll Group confirms divestment plans

The board of logistics company Toll Group now prepares to divest part of the business. However, there are no plans to sell the part of the company that DSV Panalpina has previously said it might be interested in.

Photo: PR-FOTO

Rumors have long been circulating regarding a sale of parts of Toll Group, and the company is now ready to reveal its sales plans.

The board of directors of the Australian logistics group, which is owned by Japan Post, now prepares to sell its business leg Global Express, the company informs.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs