Toll Holdings drops infrastructure in favour of technology

<p>Toll Holdings would seek to own a &#8220sensible mix&#8221 of infrastructure assets moving forward, rather than owning all assets in the supply chain, it said on releasing its annual report to the market this week.</p> <p>Toll’s plans to grow its global platform were ambitious but its optimism was &#8220deep-seated&#8221, managing director Paul Little and outgoing chairman John Moule said.</p> <p>&#8220As we increasingly expand internationally. it is legitimate to ask if Toll can keep, and should keep, investing in hugely expensive infrastructure assets like ports and rail,&#8221 Mr Little and Mr Moule said.</p> <p>&#8220The answer is, yes and no. </p> <p>&#8220It became increasingly obvious to us that at the volumes we manage and the scale we are, we can negotiate very effi cient use of some assets without actually owning them. </p> <p>&#8220We are seeing the emergence of a new model for global integrated logistics that makes Toll more agile, more innovative and more easily consistent across different geographical markets.&#8221</p> <p>Revenue for 2007 was up on last year’s figures by 8.6% to $4.194bn, while earnings before interest and tax increased 18.3% to $297m. </p> <br />