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TOLL Holdings Limited
Type Public (ASX:TOL, NZX: TRH)
Founded As a business - 1888
As a public company - 1993
As Toll Holdings - 1986
Headquarters Melbourne, Victoria, Australia
Key people Paul Little, CEO
Ray Horsburgh, Chairman
Industry Logistics
Products in2store
Toll North
Toll Regional
QRX Transport
NQX Freight Systems
Toll Express
Toll Priority
Travcour
DX Mail
Toll IPEC
Toll Fast
Virgin Blue
Toll Personnel
Toll NZ
Toll Asia
Revenue $7. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. New Zealand Exchange Limited (NZX is a Stock exchange located in Wellington, New Zealand. Year 1888 ( MDCCCLXXXVIII) was a Leap year starting on Sunday (click on link for calendar of the Gregorian calendar (or a Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) Year 1986 ( MCMLXXXVI) was a Common year starting on Wednesday (link displays 1986 Gregorian calendar) Melbourne ( is the second most populous city in Australia, with a Metropolitan area population of approximately 3 For a topic outline on this subject see List of basic Australia topics. This article is about the CEO of Toll Holdings Paul Little is the managing director of Toll Holdings, the Asian region's leading integrated A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Logistics is the management of the flow of Goods, Information and other resources including Energy and people between the point of origin and the point In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Virgin Blue is an Australian Low-cost airline, Australia's second-biggest Airline as well as the largest airline (by fleet size with the Virgin branding Toll Holdings New Zealand Limited is New Zealand 's largest Trucking company in terms of annual revenue and size In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 5 billion AUD (Image:green up.png10 percent (FY 2006)
Employees 30,000 (2008)
Website http://www.tollgroup.com
Toll Wagga Wagga Depot
Toll Wagga Wagga Depot

TOLL (ASX:TOL, NASDAQ: THKUF), (NZX: TRH), properly TOLL Holdings Limited, is Australia's largest transport company, based in Melbourne, Victoria. The Australian dollar ( sign: $; code: AUD) is the Currency of the Commonwealth of Australia, including Christmas A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly" Financial statements in Businesses Employment is a Contract between two parties, one being the employer and the other being the employee. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Wagga Wagga The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. New Zealand Exchange Limited (NZX is a Stock exchange located in Wellington, New Zealand. For a topic outline on this subject see List of basic Australia topics. Transport or transportation is the movement of people and goods from one place to another Melbourne ( is the second most populous city in Australia, with a Metropolitan area population of approximately 3 The company has operations in road, rail, sea and air. A road is an identifiable route, way or path between two or more places. "Railroad" and "Railway" both redirect here For other uses see Railroad (disambiguation. This article is about the body of water For other uses see SEA and Seas. Aviation refers to activities involving man-made flying devices ( Aircraft) including the people organizations and regulatory bodies involved with them

For the fiscal year ending September, 2007, Toll reported net income of AU $1,278. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. 7 million on AU $4. 2 billion of sales revenue. It has many enterprise bargaining agreements with the Transport Workers Union, covering its road transport and warehouse distribution operations. An Enterprise Bargaining Agreement (EBA consists of a collective industrial Agreement between either an Employer and a Trade union Template talkInfobox Union for usage --> The Transport Workers Union of Australia (TWU is a Trade union with

Contents

Timeline

Feud with Patrick Corporation

Main article: Patrick Corporation

From late 2005 until May 2006, Toll was embroiled in controversy over its attempt to takeover Patrick Corporation. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island Patrick Corporation Ltd was an Australian publicly listed Logistics conglomerate In particular board meetings for the combined Pacific National rail project were used as slanging matches by Patrick and Toll directors. Pacific National is one of Australia 's largest private rail freight businesses [3]

The process included several court cases brought by each side.

On January 19, 2006, the ACCC ruled that Toll cannot take Patrick over. Events 1419 - Hundred Years' War: Rouen surrenders to Henry V of England completing his reconquest of Normandy. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The Australian Competition and Consumer Commission (ACCC is an independent authority of the Government of Australia. [4]

On March 13, 2006, the ACCC announced that it accepted Toll's proposed court-enforceable undertakings and would no longer object to the takeover. Events 1138 - Cardinal Gregorio Conti is elected Antipope as Victor IV, succeeding Anacletus II. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. However the share markets appeared to require that a higher price would need to be offered [5].

On April 14, 2006, Toll announced that it would offer 0. Events 43 BC - Battle of Forum Gallorum: Mark Antony, besieging Julius Caesar 's assassin Decimus Junius Brutus in Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 4 Toll shares plus AU$3. 00 for each Patrick Corporation share. The Patrick board unanimously accepted the revised offer. All ongoing legal proceedings between the two companies were to be dropped and Patrick would no longer acquire FCL Interstate Transport. [6] By purchasing Patrick, Toll will be the fourth largest transport company in the world and have annual revenues of over 8 billion [7]

The takeover was finally successful in May 2006. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services Toll gained control of Patrick on 11 May 2006[8] and announced intent to compulsorily acquire the remaining shares in Patrick. Events 330 - Byzantium is renamed ''Nova Roma'' during a dedication ceremony but is more popularly referred to as Constantinople Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Eminent domain ( United States) compulsory purchase ( United Kingdom, New Zealand, Ireland) resumption/compulsory acquisition [9]

2007 Restructure and demerger

As part of the agreement with the Australian Competition and Consumer Commission over the acquisition of Patrick, Toll was required to dispose of several assets. The Australian Competition and Consumer Commission (ACCC is an independent authority of the Government of Australia. It sold Patrick's Bass Strait Shipping and Tasmanian Freight Forwarding businesses to the Chas Kelly Transport Group. [10] It was originally required to also sell half of Pacific National. Pacific National is one of Australia 's largest private rail freight businesses In 2007 however, Toll proposed a "variation" to separate Toll into separate logistics and infrastructure companies. Toll sought and received permission to retain complete ownership of Pacific National in the new Infrastructure Company provided that there was a complete separation of the boards and management of the two companies and all contracts between them were on an arm's length basis. The arm's length principle (ALP is the condition or the fact that the parties to a transaction are independent and on an equal footing [11]

References

  1. ^ Toll Holdings (2006-05-03). Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1491 - Kongo monarch Nkuwu Nzinga is baptised by Portuguese missionaries adopting the baptismal name of João "Toll’s Asian growth platform successfully secured". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2006-06-04. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 781 BC - The first historic Solar eclipse is recorded in China.
  2. ^ "Toll bids for Hong Kong Freight Group", The Age. The Age is a Broadsheet daily Newspaper, which has been published in Melbourne, Australia since 1854  
  3. ^ Philip Hopkins. "PN board meeting runs off the rails", The Age, John Fairfax Holdings, 2005-10-24. The Age is a Broadsheet daily Newspaper, which has been published in Melbourne, Australia since 1854 Fairfax Media Limited, is one of Australia's largest diversified media companies Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 69 - Second Battle of Bedriacum, forces under Antonius Primus the commander of the Danube armies loyal to Vespasian, defeat Retrieved on 2006-06-04. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 781 BC - The first historic Solar eclipse is recorded in China.  
  4. ^ "Australian watchdog blocks toll bid for Patrick", stuff. co. nz, Fairfax New Zealand, 19 January 2006. Fairfax New Zealand is New Zealand 's largest media company, best known for its daily publication The Press in Christchurch (voted Retrieved on 2006-06-24. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 972 - Battle of Cedynia, the first documented victory of Polish forces takes place  
  5. ^ http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nSYU000254
  6. ^ http://www.patrick.com.au/IRM/Company/ShowPage.aspx?CPID=747&PageName=Patrick%20and%20Toll%20Agree%20Terms
  7. ^ Toll triumphs - Business - Business - theage.com.au
  8. ^ Toll Holdings (2006-05-11). Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 330 - Byzantium is renamed ''Nova Roma'' during a dedication ceremony but is more popularly referred to as Constantinople "Toll takes control of Patrick and declares Offer unconditional". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2006-06-04. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 781 BC - The first historic Solar eclipse is recorded in China.
  9. ^ Toll Holdings (2006-05-24). Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1218 - The Fifth Crusade leaves Acre for Egypt. 1276 - Magnus Ladulås is crowned "Toll Gains More Than 90% of Patrick & Will Proceed With Compulsory Acquisition". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2006-06-04. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 781 BC - The first historic Solar eclipse is recorded in China.
  10. ^ Australian Competition and Consumer Commission (8 March 2007). The Australian Competition and Consumer Commission (ACCC is an independent authority of the Government of Australia. Events 1618 - Johannes Kepler discovers the third law of planetary motion. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. "ACCC allows Toll to divest Tasmanian Shipping and Forwarding businesses to Chas Kelly Group". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2007-04-05. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 456 - St Patrick returns to Ireland as a missionary bishop
  11. ^ Philip Hopkins. "Toll set to hold Pacific National", Business, The Age, April 5, 2007. The Age is a Broadsheet daily Newspaper, which has been published in Melbourne, Australia since 1854 Retrieved on 2007-04-05. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 456 - St Patrick returns to Ireland as a missionary bishop  

External links

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