- Investigation
- Companies
- Transport
- Foreign investment
'A bunch of truckies in suits'
The inside story of Japan Post's desperate effort to turn Toll around - a move beset by 'warlords' and silos inside the organisation.
Toll was accused of breaching UN sanctions in North Korea, Iran and Syria by the US Office of Foreign Assets Control. It settled for about $200 million, according to a source. AP
Michael Byrne was Japan Post's last shot. He had run trucking companies most of his life, including Toll's arch rival, Linfox, and was as persuasive on the loading dock of a truck depot as in a Collins Street board room.
But when Byrne became Toll managing director on New Year's Day, 2017, there was one thing he couldn't do: get all five of his divisional presidents into line.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Transport
Fetching latest articles