Logistics business back in Australian hands


The Tasmanian Liberal Government welcomes the sale of Toll Global Express to Australian company, Allegro Funds, which includes the important and successful Bass Strait shipping service.

This sale will provide a greater management focus on shipping and logistics and, coupled with the announcement that Allegro will invest $500 million to support and grow the business, demonstrates the strong confidence in this business.

This shipping service provides a vital role in supporting Tasmanian supply chains and the export of Tasmanian goods and services, estimated at around $5 billion a year and representing nearly 16 per cent of Tasmania’s economy.

I am assured that Tasmanian suppliers and customers will see no change in the service, with business as usual to support the continuing record freight volumes.