Toll Global Forwarding eyes airfreight sector

Toll Global Forwarding, part of Toll Group, focuses on the global airfreight sector after investing in acquisitions

March 11, 2011

This year is all about targeting growth in the global airfreight sector for Toll Global Forwarding.

The Asian region’s leading provider of logistics services has been investing in building its regional and global air freight services and network as the International Air Transport Association (IATA) forecasts strong growth in the Asian air sector.

Toll has traditionally been weighted towards ocean freight but during the last 12 months has moved to strengthen its air freight division.

The IATA is forecasting that the five fastest international air freight markets between 2009 and 2014 will be Hong Kong (12.3 percent), China (11.7 percent), Vietnam (11.4 percent) and Taiwan.

Asia Pacific is expected to see the highest growth worldwide for international air freight at 9.8 percent during the same period, according to the IATA.

"Toll Global Forwarding has its headquarters in Hong Kong and our roots are in Asia Pacific," Toll Global Forwarding Chief Executive Officer Hugh Cushing says.

"We see the forecast growth in the air freight sector in Asia as an exciting opportunity for Toll to expand its presence.

"Globally we have made several key acquisitions in the US, Europe and Middle East which will strengthen our freight network.

"We have made some key international appointments to our senior management team on the air freight side which will enable us to build our business globally," he says.

Toll offers air freight services to its ocean customers, compromising many global brand name companies.

It recently acquired a Dubai-based market leading provider of Sea-Air Services, SAT Albatros, and sees potential in considering the company’s position in the Middle East and on the Asia to Europe trade lane, Cushing says.

The sea-air service provides Toll’s customers in Asia and Europe to match speed to market with a cost effective service.

Meanwhile, Toll Holdings is closer to finding a successor to replace outgoing Chief Executive Officer Paul Little as there is a shortlist of 10 internal and external candidates, according to reports.

The transition of CEO is expected to be completed by January 2012.

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