MENU

Toll Group boosts delivery business with GraysOnline partnership

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.

If you’re looking for a company already churning out sustainable earnings, check out The Motley Fool’s favourite income idea for 2013-2014 in our brand-new, FREE research report, including a full investment analysis! Simply click here for your FREE copy of “The Motley Fool’s Top Dividend Stock for 2013-2014.”

More reading


Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!