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.

Toll Holdings saw write-downs on assets in Australia and Japan contribute to a 76 percent decline in full-year profit.

Toll Global Forwarding dismissed on Monday Teamsters union charges that the logistics company pays its employee drivers in Southern California below market rates and is trying to delay the u