Toll invests A$200 million in upgrading Australian fleet

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The investment will see 25 per cent of the company’s Australian fleet renewed, with the introduction of nearly 400 Euro 6 standard prime movers and 20 rigid vehicles. The fleet renewal investment is in partnership with Penske, Volvo Group Australia, and Isuzu. 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style="margin: 1em 0;"><a href="/premium-deskone">UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSURE</a><a href="/premium-deskone">WTC: PUNISHED</a><a href="/premium-deskone">VW: UNDER PRESSURE</a><a href="/premium-deskone">KNIN: APAC LEADERSHIP WATCH</a><a href="/premium-deskone">ZIM: TAKING PROFIT</a><a href="/premium-deskone">PEP: MINOR HOLDINGS CONSOLIDATION</a><a href="/premium-deskone">DHL: GREEN DEAL</a><a href="/premium-deskone">BA: WIND OF CHANGE</a><a href="/premium-deskone">MAERSK: BULLISH CALL</a><a href="/premium-deskone">XPO: HEDGE FUNDS ENGINE</a><a href="/premium-deskone">F: CHOPPING BOARD</a><a href="/premium-deskone">WTC: NEW RECORD</a><a href="/premium-deskone">ZIM: BALANCE SHEET IN CHECK</a><a href="/premium-deskone">ZIM: SURGING </a></p><p style="margin: 1em 0;"><a href="/premium-deskone">UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSURE</a><a href="/premium-deskone">WTC: PUNISHED</a><a href="/premium-deskone">VW: UNDER PRESSURE</a><a href="/premium-deskone">KNIN: APAC LEADERSHIP WATCH</a><a href="/premium-deskone">ZIM: TAKING PROFIT</a><a href="/premium-deskone">PEP: MINOR HOLDINGS CONSOLIDATION</a><a href="/premium-deskone">DHL: GREEN DEAL</a><a href="/premium-deskone">BA: WIND OF CHANGE</a><a href="/premium-deskone">MAERSK: BULLISH CALL</a><a href="/premium-deskone">XPO: HEDGE FUNDS ENGINE</a><a href="/premium-deskone">F: CHOPPING BOARD</a><a href="/premium-deskone">WTC: NEW RECORD</a><a href="/premium-deskone">ZIM: BALANCE SHEET IN CHECK</a><a href="/premium-deskone">ZIM: SURGING </a></p></div></div><script>jQuery( document ).ready(function() { });</script><style type="text/css"> .marquee a { padding: 0 10px; text-decoration: none; color: #e66811 !important; font-weight: 600; font-size: 14px; } .wrapper { max-width: 100%; overflow: hidden; } .marquee { white-space: nowrap; overflow: hidden; display: inline-block; animation: marquee 55s linear infinite; } .marquee:hover{ -moz-animation-play-state: paused; 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Concept meaning Heading at the top of an article in newspaper Brick Wall art like Graffiti motivational call written on the wall." /> </div> <div class="post-info"> <address class="author">By <a href="/?s=&search_author=7" rel="author">LoadstarEditorial</a></address> <time datetime="2024-10-19">19/10/2024</time> </div> <p style="text-align: center;"><a href="https://www.tollgroup.com/about/news-and-media/toll-invests-200-million-upgrading-australian-fleet" target="_blank" rel="noopener"><strong>PRESS RELEASE</strong></a></p> <p style="text-align: center;"><em><span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;">Oct 18th, 2024</span></em></p> <div class="layoutArea"> <div class="column"> <p style="text-align: center;"><em>Toll Group has announced plans to invest $200 million [US$134m] in new vehicles as part of its ongoing commitment to Australian customers.</em></p> <p style="text-align: center;"><em>The investment will see 25 per cent of the company’s Australian fleet renewed, with the introduction of nearly 400 Euro 6 standard prime movers and 20 rigid vehicles.</em></p> <p style="text-align: center;"><em>The fleet renewal investment is in partnership with Penske, Volvo Group Australia, and Isuzu.</em></p> <p style="text-align: center;"><em>Toll General Manager, Global Fleet Management, Mr Shaun O’Flaherty, stated that this investment will drive improvements in emissions, efficiency, safety, and driver comfort.</em></p> <p style="text-align: center;"><em>“Our new fleet will feature the latest Euro 6 engines and improved fuel efficiency which is expected to reduce emissions by five to ten per cent. The new vehicles are automatic, with advanced in-cabin ergonomics and safety features including adaptive cruise control, lane departure warnings, driver fatigue cameras, and onboard telematics that enhance the overall driver experience.”</em></p> <div class="page" title="Page 1"> <div class="layoutArea" style="text-align: center;"> <div class="column"> <div class="page" title="Page 1"> <div class="layoutArea"> <div class="column"> <p><em>The vehicles are set to be delivered from [October 2024]. Toll plans further investment in fleet renewal to operations across Asia.</em></p> </div> </div> </div> </div> </div> <div class="layoutArea"> <div class="column"> <p style="text-align: center;"><em>This fleet upgrade supports Toll’s sustainability strategy to decrease the Company’s carbon footprint through electrification of fleet, the use of green hydrogen and alternative fuels, and designing sustainable and efficient facilities.</em></p> </div> </div> </div> </div> </div> </article> </div> <div class="col-4 pad sidebar col-tab-14 col-mob-14">  </div> </div> </section> <script> gtag('event','read_article', { "story_author":"LoadstarEditorial" }); </script> <section class="comments"> <div class="container"> <div class="col-11 pad col-mob-14">  <h4 class="h3"><strong>Comment on this article</strong></h4> <hr /> <div id="respond"> <div style="margin-top: 20px;" id="cancel-comment-reply"> <a rel="nofollow" id="cancel-comment-reply-link" href="/toll-invests-a200-million-in-upgrading-australian-fleet/#respond" style="display:none;">Close</a> </div> <span class="h4">You must be <a href="https://theloadstar.com/login">logged in</a> to post a comment.</span> </div> <ul><li class="comment byuser comment-author-chrisdihug-com-au even thread-even depth-1" id="comment-192395"> <div id="div-comment-192395" class="commentdiv"> <p class="name">chris dunphy</p> <span class="date">October 21, 2024 at 12:48 pm</span> <p><p>A leased fleet for a business heaving under the weight of PE ownership & significant accumulated losses with no end in sight.</p> </p> <a rel="nofollow" class="comment-reply-login" href="https://theloadstar.com/wp-login.php?redirect_to=https%3A%2F%2Ftheloadstar.com%2Ftoll-invests-a200-million-in-upgrading-australian-fleet%2F">Log in to Reply</a> </div> </li> </ul> </div> <div class="col-3 pad desktop-show image-centered"> </div> </div> </section><section class="related-stories"> <div class="container"> <div 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class="tag">Japan Post</span> <span data-href="https://theloadstar.com/tag/team-global-express/" class="tag">Team Global Express</span> <span data-href="https://theloadstar.com/tag/toll-holdings/" class="tag">Toll Holdings</span> </div> <span class="h6"> <span>Aug 5, 2024</span>• <span data-href="https://theloadstar.com/teeming-with-tge-losses-down-under/#respond">2 Comments</span>• <span data-href="" class="share">Share</span> </span> </div> </a> <div class="sharing sharing-tray"> <ul> <li> <a href="#"> <span class="sharing-facebook" title="Share on Facebook" data-link="https://theloadstar.com/teeming-with-tge-losses-down-under/"></span> </a> </li> <li> <a href="#"> <span class="sharing-linkedin" title="Share on LinkedIn" data-link="https://theloadstar.com/teeming-with-tge-losses-down-under/"></span> </a> </li> <li> <a href="#"> <span class="sharing-email" title="Share by Email" data-link="https://theloadstar.com/teeming-with-tge-losses-down-under/"></span> </a> </li> <li> <a href="#"> <span class="sharing-whatsapp" title="Share by WhatsApp" data-link="https://theloadstar.com/teeming-with-tge-losses-down-under/"></span> </a> </li> </ul> </div> </article> </div> </div> </div> <div class="slide">  <div class="container stacked v-borders"> <div class="col-4 col-tab-third col-mob-14"> <article class="card pad"> <a href="https://theloadstar.com/toll-in-the-black-p-junk-balance-sheet-weak-cash-flows/"> <div class="article-head" style="background-image: url('https://i0.wp.com/theloadstar.com/wp-content/uploads/ahc-1.jpg?fit=420%2C280&ssl=1');"></div> <div class="article-body"> <h3 class="h4">Toll in the black – P&L relief; junk balance sheet; weak cash flows</h3> <p>Mixed at best, but better </p> </div> <div class="article-footer"> <div class="tags"> <span data-href="https://theloadstar.com/tag/japan-post/" class="tag">Japan Post</span> <span data-href="https://theloadstar.com/tag/the-toll-story/" class="tag">The Toll story</span> <span data-href="https://theloadstar.com/tag/toll-holdings/" class="tag">Toll Holdings</span> </div> <span class="h6"> <span>Jul 30, 2024</span>• <span data-href="https://theloadstar.com/toll-in-the-black-p-junk-balance-sheet-weak-cash-flows/#respond">0 Comments</span>• <span data-href="" class="share">Share</span> </span> </div> </a> <div class="sharing sharing-tray"> <ul> <li> <a href="#"> <span class="sharing-facebook" title="Share on Facebook" data-link="https://theloadstar.com/toll-in-the-black-p-junk-balance-sheet-weak-cash-flows/"></span> </a> </li> <li> <a href="#"> <span class="sharing-linkedin" title="Share on LinkedIn" data-link="https://theloadstar.com/toll-in-the-black-p-junk-balance-sheet-weak-cash-flows/"></span> </a> </li> <li> <a href="#"> <span class="sharing-email" title="Share by Email" data-link="https://theloadstar.com/toll-in-the-black-p-junk-balance-sheet-weak-cash-flows/"></span> </a> </li> <li> <a href="#"> <span class="sharing-whatsapp" title="Share by WhatsApp" data-link="https://theloadstar.com/toll-in-the-black-p-junk-balance-sheet-weak-cash-flows/"></span> </a> </li> </ul> </div> </article> </div> <div class="col-4 col-tab-third col-mob-14"> <article class="card pad"> <a href="https://theloadstar.com/toll-group-on-the-mend-really/"> <div class="article-head" style="background-image: url('https://i0.wp.com/theloadstar.com/wp-content/uploads/af-18.jpg?fit=420%2C280&ssl=1');"></div> <div class="article-body"> <h3 class="h4">Toll Group – on the mend? Really?</h3> <p>Not too bad but classic ‘wait and see’ story </p> </div> <div class="article-footer"> <div class="tags"> <span data-href="https://theloadstar.com/tag/japan-post/" class="tag">Japan Post</span> <span data-href="https://theloadstar.com/tag/the-toll-story/" class="tag">The Toll story</span> <span data-href="https://theloadstar.com/tag/toll-holdings/" class="tag">Toll Holdings</span> </div> <span class="h6"> <span>May 17, 2024</span>• <span data-href="https://theloadstar.com/toll-group-on-the-mend-really/#respond">0 Comments</span>• <span data-href="" class="share">Share</span> </span> </div> </a> <div class="sharing sharing-tray"> <ul> <li> <a href="#"> <span class="sharing-facebook" title="Share on Facebook" data-link="https://theloadstar.com/toll-group-on-the-mend-really/"></span> </a> </li> <li> <a href="#"> <span class="sharing-linkedin" title="Share on LinkedIn" data-link="https://theloadstar.com/toll-group-on-the-mend-really/"></span> </a> </li> <li> <a href="#"> <span class="sharing-email" title="Share by Email" data-link="https://theloadstar.com/toll-group-on-the-mend-really/"></span> </a> </li> <li> <a href="#"> <span class="sharing-whatsapp" title="Share by WhatsApp" data-link="https://theloadstar.com/toll-group-on-the-mend-really/"></span> </a> </li> </ul> </div> </article> </div> <div class="col-4 col-tab-third col-mob-14"> <article class="card pad"> <a href="https://theloadstar.com/toll-groups-meier-talks-up-strategic-roadmap-to-2025/"> <div class="article-head" style="background-image: url('https://i0.wp.com/theloadstar.com/wp-content/uploads/afuture-1.jpg?fit=413%2C300&ssl=1');"></div> <div class="article-body"> <h3 class="h4">Toll Group's Meier talks up 'strategic roadmap to 2025'</h3> <p>Marc Meier, global head of ocean freight at Toll Group, writes on LinkedIn: (Very slightly edited ...</p> </div> <div class="article-footer"> <div class="tags"> <span data-href="https://theloadstar.com/tag/toll-holdings/" class="tag">Toll Holdings</span> </div> <span class="h6"> <span>Apr 15, 2024</span>• <span data-href="https://theloadstar.com/toll-groups-meier-talks-up-strategic-roadmap-to-2025/#respond">0 Comments</span>• <span data-href="" class="share">Share</span> </span> </div> </a> <div class="sharing sharing-tray"> <ul> <li> <a href="#"> <span class="sharing-facebook" title="Share on Facebook" data-link="https://theloadstar.com/toll-groups-meier-talks-up-strategic-roadmap-to-2025/"></span> </a> </li> <li> <a href="#"> <span class="sharing-linkedin" title="Share on LinkedIn" data-link="https://theloadstar.com/toll-groups-meier-talks-up-strategic-roadmap-to-2025/"></span> </a> </li> <li> <a href="#"> <span class="sharing-email" title="Share by Email" data-link="https://theloadstar.com/toll-groups-meier-talks-up-strategic-roadmap-to-2025/"></span> </a> </li> <li> <a href="#"> <span class="sharing-whatsapp" title="Share by WhatsApp" data-link="https://theloadstar.com/toll-groups-meier-talks-up-strategic-roadmap-to-2025/"></span> </a> </li> </ul> </div> </article> </div> </div> </div> <div class="slide">  <div class="container stacked v-borders"> <div class="col-4 col-tab-third col-mob-14"> <article class="card pad"> <a href="https://theloadstar.com/stressed-toll-group-dismal-in-forwarding-barely-adequate-in-logistics/"> <div class="article-head" style="background-image: url('https://i0.wp.com/theloadstar.com/wp-content/uploads/ax-scaled.jpg?fit=420%2C279&ssl=1');"></div> <div class="article-body"> <h3 class="h4">Stressed Toll Group – dismal in forwarding, barely adequate in logistics</h3> <p>And a bit about the new TGE </p> </div> <div class="article-footer"> <div class="tags"> <span data-href="https://theloadstar.com/tag/japan-post/" class="tag">Japan Post</span> <span data-href="https://theloadstar.com/tag/team-global-express/" class="tag">Team Global Express</span> <span data-href="https://theloadstar.com/tag/the-toll-story/" class="tag">The Toll story</span> <span data-href="https://theloadstar.com/tag/toll-holdings/" class="tag">Toll Holdings</span> </div> <span class="h6"> <span>Feb 15, 2024</span>• <span data-href="https://theloadstar.com/stressed-toll-group-dismal-in-forwarding-barely-adequate-in-logistics/#respond">0 Comments</span>• <span data-href="" class="share">Share</span> </span> </div> </a> <div class="sharing sharing-tray"> <ul> <li> <a href="#"> <span class="sharing-facebook" title="Share on Facebook" data-link="https://theloadstar.com/stressed-toll-group-dismal-in-forwarding-barely-adequate-in-logistics/"></span> </a> </li> <li> <a href="#"> <span class="sharing-linkedin" title="Share on LinkedIn" data-link="https://theloadstar.com/stressed-toll-group-dismal-in-forwarding-barely-adequate-in-logistics/"></span> </a> </li> <li> <a href="#"> <span class="sharing-email" title="Share by Email" data-link="https://theloadstar.com/stressed-toll-group-dismal-in-forwarding-barely-adequate-in-logistics/"></span> </a> </li> <li> <a href="#"> <span class="sharing-whatsapp" title="Share by WhatsApp" data-link="https://theloadstar.com/stressed-toll-group-dismal-in-forwarding-barely-adequate-in-logistics/"></span> </a> </li> </ul> </div> </article> </div> <div class="col-4 col-tab-third col-mob-14"> <article class="card pad"> <a href="https://theloadstar.com/toll-group-fortunes-hinge-on-japan-posts-newfound-bravery/"> <div class="article-head" style="background-image: url('https://i0.wp.com/theloadstar.com/wp-content/uploads/adre.jpg?fit=420%2C263&ssl=1');"></div> <div class="article-body"> <h3 class="h4">Toll Group fortunes hinge on Japan Post's newfound bravery</h3> <p>Pruning unhealthy branches </p> </div> <div class="article-footer"> <div class="tags"> <span data-href="https://theloadstar.com/tag/japan-post/" class="tag">Japan Post</span> <span data-href="https://theloadstar.com/tag/ma-radar/" class="tag">M&A radar</span> <span data-href="https://theloadstar.com/tag/the-toll-story/" class="tag">The Toll story</span> <span data-href="https://theloadstar.com/tag/toll-holdings/" class="tag">Toll Holdings</span> </div> <span class="h6"> <span>Nov 21, 2023</span>• <span data-href="https://theloadstar.com/toll-group-fortunes-hinge-on-japan-posts-newfound-bravery/#respond">0 Comments</span>• <span data-href="" class="share">Share</span> </span> </div> </a> <div class="sharing sharing-tray"> <ul> <li> <a href="#"> <span class="sharing-facebook" title="Share on Facebook" data-link="https://theloadstar.com/toll-group-fortunes-hinge-on-japan-posts-newfound-bravery/"></span> </a> </li> <li> <a href="#"> <span class="sharing-linkedin" title="Share on LinkedIn" data-link="https://theloadstar.com/toll-group-fortunes-hinge-on-japan-posts-newfound-bravery/"></span> </a> </li> <li> <a href="#"> <span class="sharing-email" title="Share by Email" data-link="https://theloadstar.com/toll-group-fortunes-hinge-on-japan-posts-newfound-bravery/"></span> </a> </li> <li> <a href="#"> <span class="sharing-whatsapp" title="Share by WhatsApp" data-link="https://theloadstar.com/toll-group-fortunes-hinge-on-japan-posts-newfound-bravery/"></span> </a> </li> </ul> </div> </article> </div> <div class="col-4 col-tab-third col-mob-14"> <article class="card pad"> <a href="https://theloadstar.com/outbound-singpost-ma-down-at-the-border/"> <div class="article-head" style="background-image: url('https://i0.wp.com/theloadstar.com/wp-content/uploads/ab-24.jpg?fit=420%2C284&ssl=1');"></div> <div class="article-body"> <h3 class="h4">Outbound SingPost M&A: Down at the Border</h3> <p>Bolt-on radar on </p> </div> <div class="article-footer"> <div class="tags"> <span data-href="https://theloadstar.com/tag/australia/" class="tag">Australia</span> <span data-href="https://theloadstar.com/tag/border-express/" class="tag">Border Express</span> <span data-href="https://theloadstar.com/tag/ma-radar/" class="tag">M&A radar</span> <span data-href="https://theloadstar.com/tag/singpost/" class="tag">SingPost</span> <span data-href="https://theloadstar.com/tag/toll-holdings/" class="tag">Toll Holdings</span> </div> <span class="h6"> <span>Nov 3, 2023</span>• <span data-href="https://theloadstar.com/outbound-singpost-ma-down-at-the-border/#respond">1 Comments</span>• <span data-href="" class="share">Share</span> </span> </div> </a> <div class="sharing sharing-tray"> <ul> <li> <a href="#"> <span class="sharing-facebook" title="Share on Facebook" data-link="https://theloadstar.com/outbound-singpost-ma-down-at-the-border/"></span> </a> </li> <li> <a href="#"> <span class="sharing-linkedin" title="Share on LinkedIn" data-link="https://theloadstar.com/outbound-singpost-ma-down-at-the-border/"></span> </a> </li> <li> <a href="#"> <span class="sharing-email" title="Share by Email" data-link="https://theloadstar.com/outbound-singpost-ma-down-at-the-border/"></span> </a> </li> <li> <a href="#"> <span class="sharing-whatsapp" title="Share by WhatsApp" data-link="https://theloadstar.com/outbound-singpost-ma-down-at-the-border/"></span> </a> </li> </ul> </div> </article> </div> </div> </div> </div> </section>   <section class="topics"> <div class="container pad"> <h2>Topics</h2> <a href="https://theloadstar.com/tag/toll-holdings/" class="tag" title="Toll Holdings">Toll Holdings</a> <a href="https://theloadstar.com/tag/australia/" class="tag" title="Australia">Australia</a> <a href="https://theloadstar.com/tag/border-express/" class="tag" title="Border Express">Border Express</a> <a href="https://theloadstar.com/tag/ma-radar/" class="tag" title="M&A radar">M&A radar</a> <a href="https://theloadstar.com/tag/singpost/" class="tag" title="SingPost">SingPost</a> </div> </section>  <div class="container margin-down"> <div class=""> <div class="pad"> <div class="" 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Toll invests A$200 million in upgrading Australian fleet - The Loadstar