Mainfreight 'appalled' by Government’s rail madness
End of the line for rail option
Silver Fern rail service going well
Big day as rail goes electric
Auckland rail soon to be all electric
Western Passengers Face Rail Cuts
Keolis Downer and KiwiRail - world-class rail for Wellington
Richard Prebble: Rail is the only corridor left
Six-day West Coast rail excursion announced
Christchurch rail services long overdue
Australia's largest freight company, Toll Holdings, has acquired New Zealand's United Carriers trucking company after the suitor recently sold its rail and ferry operations in that country.
The transport operator said it had signed a conditional purchase agreement for the trucking business, which had an annual turnover of about $NZ50 million ($A41.7 million).
"United is a very complementary acquisition for Toll. It expands our existing businesses in New Zealand into Northland where our presence was previously limited," Toll managing director Paul Little said in a statement.
United Carriers has a fleet of 220 trucks and services a number of industries, including livestock, logging, warehousing and international freight forwarding.
Toll said it would fund the purchase through working capital.
The transport operator this week sold its New Zealand rail and ferry operations to the New Zealand government for $NZ665 million ($A554.26 million) to focus on its goods-forwarding business in Asia.
© 2008 AAP
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.