Toll Group (NZ) Limited is a New Zealand trucking company. A subsidiary of the Australian company Toll Holdings, it has its headquarters in Auckland. It carries out operations by road and in the air, and formerly by rail and sea.
The company started in 2003 when Toll Holdings purchased an 85% stake in Tranz Rail Holdings. In January 2004, the company was renamed Toll New Zealand, with a new board.
In May 2008 the New Zealand Government agreed to the purchase of Toll's rail and sea operation for $665 million. Minister of Finance Michael Cullen had previously refused to confirm these rumors of a buy back in December 2007. The sale was completed in July 2008, with the rail and ferry operating company being named KiwiRail Ltd.
Toll NZ was twice nominated for the Roger Award for worst transnational corporation in New Zealand. (Tranz Rail, which Toll took over, won the award three times.)
Famous quotes containing the word toll:
“The fact that the mental health establishment has equated separation with health, equated womens morality with soft-heartedness, and placed mothers on the psychological hot seat has taken a toll on modern mothers.”
—Ron Taffel (20th century)