Tuesday, June 8, 2010

Qantas Express Air Freight Sold To Toll Logistics

Expansion Continues Despite Recession
Shipping News Feature

AUSTRALIA – It is reported today that the Toll Group have purchased DPEX, the Asian express air freight arm of national airline Qantas. The move is seen as strengthening Toll Priority, the groups own parcels division which has proved more profitable of late than the general freight arm.

Toll have used their Asia Pacific operations in a series of purchases of late to bolster their position as a prime mover of express freight, in the past year Toll have purchased Kwikmail in Hong Kong,, Deltec’s Australasian businesses and Skynet’s Australian and New Zealand operations, all of whom had a similar small item, fast delivery ethos.

Toll’s standard services have been depressed of late in common with the rest of the market and the group are obviously targeting the express sector as a prime revenue earner for the coming months, DPEX alone is said to throughput A$30 million in revenue.

“As a result of enhanced volumes, TGX will now offer customers an improved service offering and will be more competitive. These factors are key to our growth strategy in this market segment,” said Toll Group’s Managing Director Paul Little.