Toll Group acquires DPEX from Qantas
Toll Group has announced it will acquire the DPEX Group from Qantas – one of the largest independent express businesses in Asia.
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Posted by Ian Taylor | Jun 10, 2010 | News |
Toll Group has announced it will acquire the DPEX Group from Qantas – one of the largest independent express businesses in Asia.
Read MorePosted by Ian Taylor | Nov 10, 2009 | News |
Qantas’s air-freight joint venture with Australia Post has barely broken even this year, and the result has been blamed on a slump in parcel volumes due to the economic slowdown, reports The Brisbane Times.
Read MorePosted by Ian Taylor | Oct 8, 2009 | News |
Cobham has won a long-term extension to its contract worth some A$100m with Australian air Express (AaE) to provide air freight services to eastern Australian ports, reports Business Financial Newswire.
Read MoreWorld Mail & Express Review, May 2009
Read MoreAustralia Post has ruled out a joint venture in a new freight business with Qantas while flagging further investment in its logistics arm.
Australia Post is keen to expand its domestic and international logistics operations and sees China as a potential partner for further growth.
The Australian business has a partnership with China Post called Sai Cheng Logistics which it hopes will be the conduit to its long- term aim of becoming a more significant player in Asia-Pacific logistics.
Australia Post already has alliances in Hong Kong, Japan, Korea, the United States and Britain.
In support of its growth strategy, Australia Post has indicated that with US$91.6 million available for investment it will concentrate on improving warehousing and electrical systems in support of logistics operations.
Australia’s Post, whose shareholder is the federal government, has just released impressive financial figures. The parcels and logistics division – the entity’s biggest money-spinner – contributed a pre-tax profit of $234.6 million to the Post’s overall 2006-07 pre-tax profit of A$514.96 million.
Chairman David Mortimer said the acquisition of JR Haulage – now renamed Post Logistics Australia – has given the group a good launching pad in traditional logistics. “We know our business platform is sound – and this year’s strong results confirm that we’re pursuing the right strategy,” Mortimer said. “So we’ll be investing our remaining profits in programmes that will help to broaden our revenue base, control our costs and maintain our high service standards.”
Australia Post’s managing director Graeme John said: “Our growth in parcels and logistics is partly driven by online trading but it’s also due to an increasing recognition among Australian businesses that we offer an efficient and comprehensive range of distribution services.”
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