Comment / Market Insight: Toll Group – the bell is tolling for Mr Mullen

I had a long chat with a senior Deloitte manager out of the United States some time ago and he warned me about the perils of trying to address logistics issues with a touch of genius that only consultancy firms enjoy at times.

What works on paper, he argued, is often not worth the paper it’s written on. That was his first-hand experience working for one of the four global majors.

One problem, he also added, is that the logistics sector’s investors ...