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Canada Goose Jackets MELBOURNE, May 16 (Reuters) Australia top transport company, Toll Holdings Ltd, blamed a weak Japanese economy for a profit warning and writedowns canada goose clearance sale on Wednesday that knocked its shares down 16 percent. Canada Goose Jackets

Toll Canada Goose online gloomy view on the Japanese uk canada goose outlet market, canadian goose jacket where it owns the Footwork Express Canada Goose Parka trucking business, contrasted with forecasts that Japan economy bounced back from a year end dip Canada Goose Jackets to cheap Canada Goose expand 0.9 percent in canada goose factory sale the first quarter.

canada goose coats on sale absolutely the softness in the Japanese economy, Toll Managing Director Brian Kruger said, pinpointing the source of the company canada goose coats profit warning. canada goose coats on sale

Canada Goose online not like we been losing market share. It really just been softness in our customers markets, much above what we had expected, Kruger told reporters on a conference call. Canada Goose online

cheap Canada Goose Much of Japan economic growth in the first quarter Canada Goose Outlet was driven by rebuilding of the nation northeast, ravaged by last year massive earthquake and tsunami. Economists expect growth to slow in the second half of the year, as business investment and consumer spending remain subdued. cheap Canada Goose

buy canada goose jacket Toll said canada goose black friday sale Footwork had been hit by difficult market conditions and cheap canada goose uk was expected to book a loss this year. The company saw little likelihood of any near term recovery, prompting a canadagooseoutlet4online writedown of the goodwill on the business and a Canada Goose Coats On Sale review that could result in a sale of the unit. buy canada goose jacket

canada goose black friday sale Footwork Express provides trucking services to retailers, manufacturers and produce suppliers, a highly competitive sector with relatively low profit margins. canada goose black friday sale

canada goose clearance out of January we actually saw a relatively okay performance from a sales perspective with Footwork. But the months of February, March and April have been very soft and much softer than we had expected three or four months ago, he said. canada goose clearance

Canada Goose Outlet know most of our competitors are Canada Goose sale seeing similar sorts of conditions, he said. Canada Goose Outlet

canada goose Toll expected underlying earnings before interest and tax for the company to fall to between A$400 million and A$420 million for the year to June from A$436 canada women’s canada goose goose store million ($435 million) last year. canada goose

canada goose store That was as much as 12 percent below analysts forecasts for underlying earnings of A$456 million, according to Thomson Reuters I/B/E/S. canada goose store

canadian goose jacket Toll shares tumbled 16 percent to a four month low of A$4.67 and last traded down at A$4.75, in a broader market down 1.9 percent. canadian goose jacket

Canada Goose sale Earnings were also being affected by weak Canada Goose Online retail buy canada goose jacket conditions in Australia and volatility in its Asian marine business, which mainly offers spot charters for exporting coal from Indonesia. Canada Goose sale

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Canada Goose Parka The company is considering selling Footwork Express, the Asian marine business and its refrigerated canada goose clearance business, among other options, Kruger said. Canada Goose Parka

canada goose coats Toll decided to write down the carrying value of Footwork Express by around 43 percent to between A$200 million canada goose and A$220 million. canada goose coats

canada goose clearance sale The company has also been canada goose uk black friday hit by the loss of a buy canada goose jacket cheap key customer, Australian steelmaker BlueScope Steel, canada goose uk shop which has stopped exports, affecting the value of Toll freight hub in Sydney and prompting a A$56 million writedown on the carrying value of Toll property assets canada goose clearance sale.