Toll Group Braces for New Rivalry as Logisteed Emerges in Asia-Pacific
A new logistics powerhouse named Logisteed is poised to become a major competitor in the Asia-Pacific region. Formed from a merger involving Hitachi Transport System and a private equity fund, Logisteed will directly challenge Australia's Toll Group. This development comes as Toll's owner, Japan Post, continues to restructure the company after acquiring it in 2015. With Japan Post divesting Toll's Global Express division, the Australian firm is already navigating a period of significant change. The emergence of Logisteed adds substantial competitive pressure, forcing Toll Group to adapt its strategy in its key markets.
Official Source: https://theloadstar.com/toll-group-must-ready-to-mount-the-logisteed/
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