Toll ponders expansion

Australian transport group Toll Holdings said yesterday earnings for the year so far were meeting expectations and it was looking at acquisitions in Australia, New Zealand and Asia.

"In looking at the start to the 2008 financial year, revenue and earnings are in line with expectations and our outlook remains very positive," chief executive Paul Little said in a speech to shareholders.

Toll, which this year spun off its infrastructure and ports assets, also said it was still evaluating plans for its 62 per cent stake in airline Virgin Blue and remained interested in a potential takeover of logistics firm Brambles.