Tag: Australia

Toll purchase of Courier Australia boost to WA presence

Posted by | May 8, 2008 | |

Toll Holdings has reached an agreement on the purchase of West Australian
based Courier Australia.

Courier Australia is a Courier and Express transport and logistics group, based in
Western Australia. It was established in 1959 and employs about 600 staff and
independent contractors in that state. Courier Australia has a strong regional
network in Western Australia which will add scale to some of Toll’s existing
courier and express businesses.

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Toll Group acquires New Zealand’s United Carriers

Posted by | May 7, 2008 | |

Toll Holdings signed a conditional purchase agreement for the business
of United Carriers a Northland trucking company with an annual turnover of
approximately NZD 50 million.

United Carriers employs 360 staff and has a fleet of 220 trucks. It has businesses
in a range of logistics sectors including general freight, livestock, logging,
warehousing and international freight forwarding.

“United is a very complimentary acquisition for Toll. It expands our existing
businesses in New Zealand into Northland where our presence was previously
limited,” said Toll Holdings Managing Director Mr Paul Little.

“While Toll now has a presence in 44 countries around the world, this acquisition
will further boost our presence in New Zealand. It also reaffirms our commitment
to the New Zealand market following Monday’s announcement of the sale of the
rail operating business to the New Zealand Government.

“The purchase will be funded from working capital and is another demonstration
of Toll’s capacity to acquire quality assets as opportunities present themselves.

“United Carriers will especially add significant value to Toll’s inter-modal road and
rail business,” Mr Little said.

The New Zealand Overseas Investment Commission has cleared the purchase
which is expected to be completed next month.

1 NZD = 0.756255 USD

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Toll Returns Rail to New Zealand Crown

Posted by | May 5, 2008 | |

Toll Holdings announced the sale of its New Zealand rail and ferry operations to the New Zealand Crown.

Toll Managing Director, Mr Paul Little said, “The disposal of the rail and ferry operations to the New Zealand Government, will give rail in New Zealand the opportunity to move forward in an environment with greater clarity and ability to better plan its development. We are very proud of our achievements in managing the rail assets and believe that the Crown is acquiring a well run business with a highly motivated workforce”.

“I am also pleased that the Crown has acknowledged the role that Toll has played in
improving the efficiency of rail freight movements within New Zealand.

“The sale will result in Toll retaining Toll Tranzlink, the company’s rail and road forwarding business, together with warehousing and contract logistics operations. We support the Government’s objective of boosting capital spending on rail and our New Zealand freight businesses will continue to be major users of rail capacity.

“While we had not been looking to sell the rail operating business back to the Government, the sale has enabled us to re-focus our efforts on accelerating growth in our road and rail forwarding and logistics businesses, and this will include acquisition based growth.

“New Zealand remains a vital and attractive market for Toll both from a domestic and cross border viewpoint” said Mr Little.

The sale involves payment of NZD 665 million for equity plus a six year rent free period on existing premises with Toll retaining the Tranzlink business. It is expected that settlement will occur by 30 June 2008 with a management transition period. The estimated book value of assets disposed of is NZD 430 million.

1 NZD = 0.756255 USD

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TNT launches Australia’s first hybrid truck fleet

Posted by | May 1, 2008 | |

TNT Express Australia has become the first business in Australia to start operating a fleet of diesel-electric hybrid trucks as replacements for conventionally powered vehicles.

TNT has put 10 Hino Hybrid trucks into service as part of its commitment to achieving better environmental outcomes across all areas of its business – particularly the reduction of CO2 emissions.

Roger Corcoran, TNT Express Australia Managing, says the decision to adopt hybrid trucks is part of the company’s global commitment to reduce its total CO2 emissions.

Speaking at the official launch of the hybrid truck fleet in Sydney, Corcoran says the new vehicles will reduce TNT’s greenhouse gas emissions by an average of 1,600 kilograms of CO2 a year per vehicle.

He says the Hino Hybrid will emit 14 percent less carbon dioxide than a diesel-powered truck of equivalent size.

“In addition, the hybrid vehicle reduces emissions of nitrous oxides by almost half and harmful particulate matter by 98.9 per cent,” Corcoran says.

The introduction of hybrid vehicles is part of TNT’s commitment to reducing greenhouse emissions, according to Corcoran.

Under its code orange commitments, TNT has mandated across its business to buy operational vehicles with the highest environmental standards.

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Australia Post choose AVI to upgrade its address recognition and mail automation capabilities

Posted by | Mar 13, 2008 | |

AddressVision Inc. (AVI), a Bull Group subsidiary and a leading provider of postal automation solutions, has announced that Australia Post has chosen AVI to upgrade its address recognition and mail automation capabilities for processing the country’s letter mail. As the chosen prime systems integrator, AVI leads a world-class team which includes Prime Vision B.V., RAF Technology, Inc. and LSI.

AVI’s solution is based on independent functional modules delivered within an industry supported, open architecture framework. AVI will integrate its solution with more than 50 legacy mail processing machines, in 11 processing centers nationwide, to modernize and extend automation capabilities across the country, extending the lifetime of existing equipment. AVI’s solution also expands Australia Post’s available recognition capabilities by at least 10%, through the addition of name and firm based matching, and by providing dynamic updates and corrections to postal address data via AVI’s Address Learning component.

AddressVision Inc., a Groupe Bull Company, provides software solutions to help organizations more accurately and efficiently organize, process, and deliver mail, whereby increased mail-piece effectiveness, and decreased processing times and costs are achieved.

Prime Vision is a leading supplier of mail and parcel automation solutions. Prime Vision’s parcel automation identification solutions suite, Parcel Vision, incorporates our unique OCR recognition technologies for handwritten and machine generated text and is fast becoming the de-facto high-performance standard in the global express-parcel market.

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