News: Toll ups US wages and eyes expansion

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Truck drivers working for Toll Holdings Limited (ASX:TOL) in Los Angeles will see their wages rise as the Australian transport company lays the groundwork for further expansion in the US.



Toll has agreed to lift base rates and improve working conditions. The company employs about 800 workers in the US and plans to expand its network throughout North America.



Australian truck drivers will need to re-negotiate their wage agreements which expire at the end of June. 

 

Toll Holdings generated a net profit of $70.9 million dollars in the 2012 financial year.