Toll to explore sale process for its Global Express business

Following a strategic review of the global Toll business, Japan Post has said it intends to explore a potential sale of the Toll Global Express business.

Toll’s Global Logistics and Global Forwarding businesses are not impacted by the announcement.

While this process is underway, Toll Group business units remain focused on servicing customers and implementing the company’s strategy to improve business performance.

J.P. Morgan and Nomura have been appointed as financial advisors to manage the sale process.