Industry News

TGE celebrates launch

Transport and logistics company, Team Global Express (TGE), has celebrated the launch of its new brand identity.

Following Allegro Funds’ acquisition of Toll Global Express, the new leadership team, with Christine Holgate at the helm, committed to a transformation of the Toll Global Express brand.

“Just over a year ago, we embarked on our journey to transform the way we deliver for our customers,” said TGE Executive General Manager – Palletised Express, Michael Rugendyke.

“A major element of this, is our name change to Team Global Express – which reflects our heritage, culture, and commitment to deliver trusted and reliable services for our customers.

“We kept the history of our name ‘Global Express’, but added in the element of ‘Team’ to reflect the passion, dedication, and integrity of our people.

“Whether by road, air, sea, or rail, we’re here to make sure that life never stops.”

Last month, TGE signed a $250 million loan facility with the Commonwealth Bank of Australia (CBA).

As part of an agreement to refinance its business, the funding is expected to underpin TGE’s business transformation and provide additional liquidity to support further investment into the business and fund its growth plans.

TGE’s goal is to be the most sustainable national logistics solutions partner, as demands for national deliveries continue to accelerate and the business leans into the changing demands of consumers, e-commerce trends and emissions reductions targets.

The arrangement will also support growth and further improve reach into key regional and rural areas for the business. It will also, according to Holgate, ensure a stronger future for the group.

CBA Group Executive, Institutional Banking and Markets, Andrew Hinchliff, said TGE’s momentum and strategic direction position it well to meet the strong demand for sustainable solutions across Australia’s transport system.

“We’re pleased to support TGE’s continued transformation through the provision of this loan facility, which demonstrates CBA’s structuring capability and supply chains expertise,” he said.

“We look forward to continuing to work closely with Christine and the TGE management team as they further invest in the business, and in a range of exciting new sustainability initiatives.

“Supporting Australia’s transition to a brighter, more sustainable future is a strategic priority for CBA, and it aligns well with the goals of TGE.”

The post TGE celebrates launch appeared first on Trailer Magazine.

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