Toll Group has announced its acquisition of the assets of Concord Park, a privately owned interstate transport company.
With revenue of around A$90 million, Concord Park offers distribution, third party logistics, timeslot deliveries into distribution centres, overnight express deliveries and bulk line-haul services across Australia.
The business combines FTL and LTL services, and, according to Toll Group managing director Paul Little, the company will be a valuable addition to Toll following its integration into the Toll Express business.
This follows Toll's recent A$80 million acquisition of US freight forwarding company, Summit Logistics International.
In other news, Kmart Australia has entered into an agreement with Toll in2store to manage its new Victorian Distribution Centre.
The 76,000 m2 facility, which is currently under construction and scheduled to go live in April 2011, will warehouse and distribute apparel and general merchandise to eighty stores throughout Victoria, South Australia, Northern Territory, Tasmania and New Zealand.
