Summit Acquisition
Toll acquires leading US freight forwarding business
Toll Group, the Asian region's leading provider of integrated logistics services, today announced the acquisition of Summit Logistics International (Summit), one of the United States' leading independent freight forwarding and supply chain businesses.
Summit generates annual revenue of around A$300 million and is a top 5 provider of ocean freight services on one of the world's key trade lanes - the trans-pacific route between Greater China and North America.
The business is headquartered in New Jersey, and provides integrated trans-Pacific logistics services to its customers through its extensive operational platform in China, Hong Kong and the US. Summit also generates around 30 percent of its revenue providing extensive supply chain solutions including transport and logistics services to its freight forwarding customers within the US.
Read the full media release (PDF, 31.5KB)
