Toll NZ
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.
For the fiscal year ending November 2005, Toll NZ reported a net income of NZ$41.4 million on NZ$678 million of sales revenue. It has a market capitalization of around NZ$600 million.
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.)
Read more about Toll NZ: History, Toll Tranz Link, Toll Priority, Corporate Governance
Famous quotes containing the word toll:
“one is in a shoe factory cursing the machine,
one is at the aquarium tending a seal,
one is dull at the wheel of her Ford,
one is at the toll gate collecting,
one is tying the cord of a calf in Arizona,
one is straddling a cello in Russia....”
—Anne Sexton (1928–1974)