Toll Holdings Essay Example | Topics and Well Written Essays - 1250 words

Toll Holdings - Essay Example Toll manages a holding company’s administrative affairs and offers management services to its subsidiaries. The company also assists the board with financial support and control services. The major function of Toll Holdings is to supervise the whole group and its legal structure, financial and equity structures, and tax planning activities. In addition, the organization also deals with other activities including policy making, strategic planning, and marketing, recruiting personnel for senior management positions, approving investment proposals and budgets, and making ongoing evaluation of the group’s overall performance. Toll Holdings is one of the leading providers of integrated logistics services in the Asian region. Some of the principle activities of the company include freight forwarding services, temperature controlled transport service, container storage, warehousing and distribution, vehicle transport and distribution, wharf cartage, large scale liquid transpor tation, and contract distribution services (Toll Holdings Limited). Toll was founded by Albert Toll in Newcastle in 1888. For a long period after the foundation, the company mainly engaged in the transport of goods, especially coal, using horse and cart. Toll was sold to National Mineral Limited following the death of its founder, Albert Toll. Over the 1960, the company transported goods for diversified mining and manufacturing activities and hence the organization became the part of Peko Wallsend Group (Bidder’s statement). After two decades, the company was renamed as Toll Transport in 1985. In the next year, a management buyout team under the leadership of Paul Little and Peter Rowsthorn took over the Toll Transport. This management buyout can be considered as a milestone in the corporate history of Toll Holdings because the company grew dramatically since this buyout. Many of the innovative ideas put forward by Little and Rowsthorn benefited Toll to obtain a competitive edge