Toll Holdings Essay Example | Topics and Well Written Essays - 1250 words

Toll Holdings - Essay ExampleToll manages a holding companys administrative affairs and offers management services to its subsidiaries. The company withal assists the board with financial support and control services. The major function of Toll Holdings is to supervise the whole sort out and its legal structure, financial and equity structures, and tax mean activities. In addition, the organization also deals with other activities including policy making, strategic planning, and marketing, recruiting personnel for senior management positions, approving investment proposals and budgets, and making ongoing evaluation of the groups overall performance. Toll Holdings is one of the leading providers of integrated logistics services in the Asian region. Some of the principle activities of the company include freight packaging services, temperature controlled transport service, container storage, warehousing and distribution, vehicle transport and distribution, wharf cartage, large scal e liquid transportation, and contract distribution services (Toll Holdings Limited).Toll was founded by Albert Toll in Newcastle in 1888. For a long period after the foundation, the company mainly engaged in the transport of goods, especially coal, using horse and cart. Toll was interchange to National Mineral Limited following the death of its founder, Albert Toll. Over the 1960, the company transported goods for diversified mining and manufacturing activities and hence the organization became the part of Peko Wallsend Group (Bidders statement). aft(prenominal) two decades, the company was renamed as Toll Transport in 1985. In the next year, a management buyout team under the leadership of Paul subaltern and Peter Rowsthorn took over the Toll Transport. This management buyout can be considered as a milestone in the corporate history of Toll Holdings because the company grew dramatically since this buyout. Many of the innovative ideas put forward by Little and Rowsthorn benefited Toll to obtain a competitive edge