Toll to sell off Asian express business

In a bid to restructure its business, Australianlogistics and supply chain firm, TollGroup has announced plans to divestits loss making and non-core assets,including its Singapore-based Toll GlobalExpress Asia express parcel unit afterthe business failed to achieve traction inhighly competitive Asian markets.


Toll to sell off Asian express business


In a bid to restructure its business, Australianlogistics and supply chain firm, TollGroup has announced plans to divestits loss making and non-core assets,including its Singapore-based Toll GlobalExpress Asia express parcel unit afterthe business failed to achieve traction inhighly competitive Asian markets. Alsopart of the divestment plan is the decisionto exit from Toll Marine Logistics Asia,sell its 50 per cent stake in the Toll dnataAirport Services joint venture and its 40per cent interest in BIC in India.