NewsWeek Tollmoves on UKmarket


AUSTRALIA’S Toll Group is to purchase WT Sea Air Group and Genesis Forward- ing Group, two British freight forwarders. According to Toll’s manag-


ing director, Paul Little: “These two UK-headquartered acqui- sitions combine to provide sig- nificant scale to our Toll Glob- al Forwarding (TGF) division in Europe. “WT is expected to gener-


ate revenue this year of around A$170 million (US$149 mil- lion) andGenesis is expected to generate around A$80 million (US$70million),” he said. Little went on: “Several sig-


nificant announcements have now followed the BALtrans


acquisition in 2007 allowing Toll Global Forwarding to grow strongly in the world’s majormarkets. “Importantly,


the two


acquisitions ... place TGF in the top half-dozen forwarders in the UK,” he said. Little noted that WT pri-


marily deals with forwarding and value-added services such as warehousing, vacuumpack- ing and final mile delivery ser- vices for goods coming into the UK from Asia, mainly on behalf of shippers in the retail fashion industry. Genesis, on the other hand,


is most active in the area of multimodal freight forwarding in the defence, aerospace, and oil and gas industries,with cus- tomers across Europe, the USA,Asia Pacific and theMid- dle East. Little commented that these


market segments represent “attractive additions” to the TGF business.


Little – TGF is now “in the top half-dozen forwarders in the UK”


“WT and Genesis together


employ about 650 people in the UK, Ireland, Asia and North America,” he pointed out. “They have offices spread


around theUK, allowing TGF to offer more comprehensive services in the second-largest forwardingmarket in the EU,” Little concluded.


Lufthansa Cargo revels in seized opportunities


ACCORDING to Lufthansa Cargo chairman and CEO Carsten Spohr: “We systemati- cally seized market opportuni- ties in the second quarter and invested in growth markets.” The German freight carrier


cites flights to newdestinations such as Tianjin and the return of the first of its parkedMD-11 freighters from the desert as evidence of its recovery. The developments have left


the carrier “well-poised for the second half” of 2010, a state- ment said. As a result of the favourable


performance in the second quarter of this year, by the end of June Lufthansa Cargo had


flown 830,000 tonnes of freight and mail since the start of the year, an increase of 20 percent over the first six months of 2009. Traffic both to and from


Asia rose significantly (by 24.6 percent),while the increasewas even more pronounced on the American sector, which rose by 31.1 percent. Capacity measured in avail-


able tonne-kmrose by 2.3 per- cent year-on-year over the Jan- uary - June period, with rev- enue tonne-km up by 24.9 percent. As a result, the cargo load


factor jumped by 13.1 percent- age points to 72.3 percent.


Low-cost conversion to boost capacity


THE LOW Cost Carrier Ter- minal atKuala Lumpur’s Sep- ang airport will be converted into a cargo facility once the construction of a newcentre for low-cost flights is completed in early 2012. Responding to a parliamen-


tary question asked last week, Malaysian transport minister Kong Cho Ha pointed out


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that the present low-cost facil- ity had been designed only as a temporary one. Once converted into a cargo


terminal, the building will be able to handle 320,335 tonnes of cargo a year, increasing the annual air freight capacity of the whole Kuala Lumpur International airport complex to 1.31 million tonnes.


19 July 2010


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