Qantas Airways Ltd. has sold its Qantas Asia Pacific express air freight industry to the Toll Group for an unrevealed amount. The later, has also announced that it will purchase DPEX Group from Qantas as DPEX is recognized as Asia's biggest independent express business.

Even though trading environment is comparatively soft across some parts of commerce in Australia, yet, for the current half year, the transport and logistics group Toll is expecting to see a rise in its operating profit between 5 and
10%. The trade is also been heavily challenged by New Zealand lately.

Keeping in mind all these circumstances, Toll Managing Director, Paul Little was convinced that DPEX may become a tool for Toll's enduring growth and progress in the Asian region, along with becoming an effective part of the growth policy for the Toll Global Express (TGX) division.

Mr. Little said, "DPEX would be an important addition to Toll's TGX Asia Pacific operations that had acquired Deltec, Skynet and Kwikmail businesses in the middle of last year, and would provide additional scale and coverage across a network of 19 countries in Asia".

DPEX is likely to generate revenue worth $A30 million for the Company and in its first year of ownership, it is expected to be earnings per share accretive.