Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Hall's & Toll Consider Forging Closer Relationship

Hall’s Refrigerated Transport And Toll NZ Consider Forging Closer Relationship

Hall’s Refrigerated Transport and Toll NZ are considering entering into a strategic relationship to provide a more efficient, upgraded and integrated refrigerated transport service to the country’s food manufacturers.

Hall’s is undertaking due diligence with a view to

Hall’s buying Toll Tranzlink Refrigerated’s (TTLR) business as a going concern and

Toll appointing Hall’s as its exclusive provider of consolidated domestic refrigerated transport services.

The strategic relationship would see Hall’s specialising in all modes of refrigerated transport in New Zealand, utilising Toll’s rail and sea services.

The Chief Executive Officer of Hall’s, Mike Tibbs, said under the agreement Hall’s would continue to grow and evolve to meet the market’s future requirements.

“Increasingly, food manufacturers, distributors and retailers are consolidating, and looking for efficiencies from their service partners, and Hall’s is intent on growing its business to match its clients’ future needs.

“TTLR and Hall’s are already significant, nationwide players, and bringing both businesses together would enable a platform to be built to provide increasingly sophisticated and better services, and the ability to meet ever increasing compliance issues.

“Hall’s specialises in refrigerated road transport and we would work with Toll where opportunities exist to offer an integrated road, rail and Cook Strait solution.

“Acquisition of TTLR’s refrigerated business, including around 65 staff and 80 owner drivers, would enable us to expand our refrigerated truck fleet to more than 200, increasing our capability throughout New Zealand,” said Mr Tibbs.

“We would offer increased services over the main corridors.”

Mr Tibbs said that while food manufacturers and retailers will always demand right place, time and price criteria in relation to transporting perishable food products, increasingly they “require world best practice in terms of food safety, covering hygiene, security and temperature control to meet ever increasing compliance issues”.

“Through increased size and specialisation, we would continue to invest in state-of-the-art transport equipment, storage facilities and infrastructure.

“It would enable us to keep pace with improved information technology platforms.

Toll NZ’s Chief Executive Officer, David Jackson, said divestment of its refrigerated business to Hall’s would create greater efficiencies for customers.

“We believe this potential relationship between Toll NZ and Halls enhances each others transport capabilities and offers a more efficient service offering to customers and stakeholders” said Mr Jackson.

“The relationship between our companies also offers Toll the potential to utilise more rail in the supply of refrigerated transport solutions for customers now and in the future.”

On conclusion of an agreement, it is anticipated that the two nationwide refrigerated businesses would be integrated.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>



Psychic Ventures: US Consumer Spending On Video Games Jumped By 42% In Jan 2021

On a global scale, there was a 15% increase in digital games revenue in January 2021, pushing the total to $11.6 billion.
In the US, gaming revenue rose to an impressive high during the month thanks to the new generation of consoles. ... More>>

OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>