It has taken a year, but SingPost finally managed to find itself a new CEO.

Half a year after acquiring Australia logistics giant Toll Holdings Ltd., Japan Post Holdings Co.'s mail and logistics unit is in a better financial position than it was at the same time a year ago, but still finds itself bleeding red ink.

Toll Global Forwarding CEO Paul Coutts has drawn a parallel between the Japan Post acquisition of Australia’s Toll Holdings last week and the Deutsche Post takeovers that turned DHL into a global giant, giving an insight into the bold ambitions of the Melbourne-based logistics operator.

Toll Group has started construction on a $24 million intermodal freight terminal in the new Brighton Transport Hub in Hobart, Tasmania.

Toll Global Forwarding has named Paul Chinery as director of air freight for its U.K. operations.