Toll invests A$200 million in upgrading Australian fleet
PRESS RELEASE Oct 18th, 2024 Toll Group has announced plans to invest $200 million [US$134m] in new ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
Toll Group has appointed ex-Damco Asia-Pacific chief Thomas Knudsen as president of its global forwarding division from January.
Based in Singapore, he will oversee international air and ocean freight forwarding and supply chain management services and manage a team of more than 3,100 Toll employees across 26 countries, as well as an expansive network of agents across more than 150 countries.
Toll group managing director Michael Byrne said: “After an extensive global search for the right candidate, we are delighted to welcome Mr Knudsen to the Toll team. He brings a proven track record in delivering results in a highly competitive industry.
“The strategy for our transformation of our global forwarding business is clearly defined and we are starting to see good results. Mr Knudsen will accelerate the good progress that Toll is making to restore its global forwarding business back into sustainable growth.”
Mr Knudsen brings over 25 years of experience in logistics and shipping. He was Asia-Pacific regional chief executive at Maersk Line before he moved across to sister company Damco.
Comment on this article