Toll Group (ASX: TOL) announced today that it has added GraysOnline, one of Australia's largest online retailers, to its growing list of online parcel delivery clients.
According to the release, GraysOnline sells more than 120,000 items every month on its website, and Toll will be there to deliver the packages. "It's encouraging to see two industry-leading companies joining forces to improve the online retail experience," said Toll Managing Director Brian Kruger in a statement. "We know it is a growth area, so offering the best possible customer delivery experience is crucial if we want to stay ahead. We will work with GraysOnline to improve further, and we hope to announce some more exciting service improvements next year."
GraysOnline CEO Cameron Poolman shared similar sentiments, calling Toll's national network "second-to-none."
This most recent partnership stems from Toll's creation of a "Consumer Delivery" business last year. The company currently controls around 7% of the business-to-consumer market, but expects the GraysOnline deal to grow that number "significantly" in the next month. With a $170 million freight sorting facility currently under construction, Toll Group is eyeing some serious expansion for this sector in the years to come.
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Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.
