Toll Global Forwarding targets air freight

Toll Global Forwarding targets air freight    Toll Global Forwarding said Thursday it is “targeting significant growth in the global air freight sector in 2011.”
   A subsidiary of Australia’s Toll Group, Toll Global Forwarding said it has traditionally been weighted towards ocean freight, but that it has moved in the past year to strengthen its air freight division, including the purchase of SAT Albatros a Dubai-based provider of sea-air services in February.
   Toll cited statistics from the International Air Transport Association forecasting 9.8 percent growth in air freight from 2009 to 2014 in the Asia-Pacific region and even higher rates for growth to and from Hong Kong, China, Vietnam, and Taiwan.

Cushing

   'Toll Global Forwarding has its headquarters in Hong Kong and our roots are in Asia-Pacific. We see the forecast growth in the air freight sector in Asia as an exciting opportunity for Toll to expand its presence,' said Hugh Cushing, chief executive officer of Toll Global Forwarding. 'Globally we have made several key acquisitions in the U.S., Europe and Middle East which will strengthen our air freight network.'