Toll Global Forwarding seeks bigger air cargo market share

TOLL Global Forwarding intends to achieve "significant" growth in the global air freight sector this year through acquisitions, investment in building its regional and international air freight services and network, and appointing new senior managers.


In the past the company said it traditionally focused on ocean freight, however, over the last 12 months it has moved to strengthen its air freight division, in a bid to give customers more choice and develop its product offering.


The growth target comes amid IATA forecasts that Asia Pacific is expected to see the highest growth worldwide for international air freight at 9.8 per cent between now and 2014, a company statement said.


Headquartered in Hong Kong, its CEO Hugh Cushing said: "Our roots are in Asia Pacific. We see the forecast growth in the air freight sector in Asia as an exciting opportunity for Toll to expand its presence. Globally we have made several key acquisitions in the US, Europe and Middle East which will strengthen our air freight network."


"We have made some key international appointments to our senior management team on the air freight side which will enable us to build our business globally."


Toll recently acquired SAT Albatros, a Dubai-based provider of sea-air services in an effort to consolidate the company's position in the Middle East and on the Asia to Europe trade lane.
(Source:http://www.schednet.com)