The Toll story

M&A radar: Toll is the new UTi for DSV – still not interested, Mr Andersen?

Many have argued in the past year and even more so recently, that if DSV had known then what it knows now about the books at Panalpina (PAN) – due diligence was somewhat scant, as DSV fairly conceded in the early days of the integration – it would have probably looked elsewhere, anywhere, in order to strike a multi-billion dollar deal.
With all its contradictions and a bloated cost base, the …

The post M&A radar: Toll is the new UTi for DSV – still not interested, Mr Andersen? appeared first on T...

https://theloadstar.com/ma-radar-toll-is-the-new-uti-for-dsv-still-not-interested-mr-andersen/

Toll Group resists ransom demands from hackers after cyber attack

Toll Group is having a tough year, and has confirmed that the “unusual activity” on its servers last week was a cyber attack, which has now led to ransom demands.
The threat – unrelated to the attack on Toll in January – involves ransomware called Nefilim.
The hackers accessed a corporate server containing information on Toll staff and some commercial agreements with enterprise customers, although Toll said the server was not “designed as …

The post Toll Group resists ransom demands from hackers...

https://theloadstar.com/toll-group-resists-ransom-demands-from-hackers-after-cyber-attack/

Supply chain radar: Targeting Toll Group – it’s the Stone Age over again, damn it!

I’ve been busy over the last few days digesting the feedback from trusted Toll Group insiders to understand how precarious the situation is at the Australian logistics firm following the latest ransomware hacking. Lucky me.
The good news first: three months after the first cyber attack “the company is definitely more prepared this time round, in terms of their response. More structured,” one source, Mr Gloom, noted.
If that is encouraging, it’s …

The post Supply chain radar: Targeting Toll Group...

https://theloadstar.com/supply-chain-radar-targeting-toll-group-its-the-stone-age-over-again-damn-it/

Toll Group denies rumours parent Japan Post is looking for a buyer

Toll Group has denied it is to be sold by owner Japan Post (JP).
Toll MD Thomas Knudsen told staff today today JP had “dismissed the rumours”. (You can read more insight into this story on Loadstar Premium here.)
“You might be aware of speculation in the Australian media about plans by Japan Post to sell our business,” he wrote. “Our shareholder has  told us there are no plans to sell all or …

The post Toll Group denies rumours parent Japan Post is looking for a buyer appeared first on The...

https://theloadstar.com/toll-denies-sale/

M&A radar: Mullen exit rumoured, Japan Post ‘unrealistic’ on Toll’s value

Our Premium sources have been on fire recently, and thankfully so with regard to the latest shocking developments at Australia’s Toll Group.
Here is a quick recap: seriously troubled financially, the integrated logistics company is scouting for a buyer, any buyer, that could make sense of it, one way or another.
Or, rather, fix what might be left of the once-glorious group as the de-boning continues.
Devastation
Now glance at the end table below, …

The post M&A radar: Mullen exit rumoured, Japan...

https://theloadstar.com/jo-1-of-2-toll-mullen-exit-jp-sale-value-expectations/

Supply chain radar: Toll Group CEO – ‘actioning every possible option with urgency’

On 1 April, Toll Group CEO Thomas Knudsen sent a message to all employees at 5.40pm local time.
Part of it was leaked to the press: In a story headed “Toll Group CEO takes 40% pay cut” (link), The Australian Financial Review (AFR) last week reported that:
“Knudsen, will take a 40% pay cut for the next six months and move some staff to a four-day week, as the logistics group struggles with the loss …

The post Supply chain radar: Toll Group CEO – ‘actioning every possible option with urgency’...

https://theloadstar.com/supply-chain-radar-toll-group-ceo-actioning-every-possible-option-with-urgency/

Toll Group shuts down systems and goes manual after cyber attack

Following a “cyber security incident” on Friday, Toll Group has shut down a number of systems in a bid to resolve the issue “with minimal disruption”.
The group issued a statement saying: “As a precautionary measure, in response to a cyber security incident on Friday, Toll deliberately shut down a number of systems across multiple sites and business units.
“Toll IT teams are working closely with global cyber security experts to resolve …

The post Toll Group shuts down systems and goes manual...

https://theloadstar.com/toll-group-shuts-down-systems-and-goes-manual-after-cyber-attack/

Supply chain radar: Broken Toll Group looking terminal

Australia’s Toll Group is on life support.
And if it wasn’t for its parent, Japan Post, we could well treat it as a business purely valued at liquidation – that’s the very simple takeaway embedded in its latest audited financials, which I got hold of only recently after banging my head against a wall for weeks.
Before we discuss at length the synergies between the Japanese parent and its Australian subsidiary – …

The post Supply chain radar: Broken Toll Group looking terminal appeared first on Th...

https://theloadstar.com/supply-chain-radar-broken-toll-group-looking-terminal/

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