Toll NZ launched today

1.00pm

Tranz Rail Holdings will be known as Toll NZ from today, reflecting the name of its majority owner, Australia's Toll Holdings.

As part of a rebranding exercise, Toll NZ's rail operation is now called Toll Rail and the freight forwarding business is now Toll Tranz Link.

The company said Toll Rail will concentrate on the line haul operation and bulk freight while Toll Tranz Link will look after retail end of the market.

Toll NZ chief executive David Jackson said the company is looking to grow its business and plans substantial investments over the next few years.

"We aim to be much easier to deal with and will have more proactive account management," Mr Jackson said.

Greg Miller will head Toll Tranz Link while Gary Taylor from Virgin Blue in Sydney takes up his position as head of Toll Rail on May 24.

Toll NZ's shares were fetching at $1.55 at the close of trade yesterday.

- NZPA