Toll Group sinks into the red on rising costs under shadow of Kaikoura quake

Wed, 06 Sep 2017

By Rebecca Howard Sept. 6 (BusinessDesk) - Toll Group NZ sank into the red on a rising cost line, joining other transport and logistics firms facing the squeeze when last year's Kaikoura earthquake disrupted supply routes. The freight forwarding company, whose parent Toll Holdings in Australia was bought by Japan Post for A$6.5 billion last year, reported a net loss of $14.2 million in the year to March 31 versus a net profit of $5.9 million in the nine months to March 31, 2016, according to the annual accounts filed with the Companies O...

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