In 2015 Japan Post Holdings made a takeover offer for the Toll Group that was accepted. In 2019, the Bass Strait ships Tasmanian Achiever and Victorian Reliance were replaced by the ''Tasmanian Achiever II and the Victorian Reliance II. In April 2021, Japan Post Holdings agreed to sell the Global Express division of Toll Holdings for 7.8 million Australian dollars. The offer was accepted despite the fact that Toll Global Express had lost 67.4 billion yen — or roughly $624 million — for the fiscal year which ended in March 2021. Divisions IPEC The Interstate Parcel Express Company (IPEC) was established in January 1954 and operated two Peugeot utility vehicles on express parcel services from Adelaide to Melbourne. By 1968 it was operating in all Australian capital cities. In 1963, IPEC commenced operating interstate air freight services from Melbourne to Launceston service commencing with Douglas DC-3s chartered from Brain & Brown operating three services per night. In 1966 IPEC began operating another interstate air freight service between Brisbane and Cowra that contravened the Two Airlines Policy using a chartered Air Express Holdings Bristol Freighter, where it connected with trucks to Melbourne. IPEC had already purchased a Douglas DC-4 in England, however the Federal Government would not allow it into Australia. The Cowra service ceased in 1967. In 1977 IPEC imported two Argosys followed by a further two in 1978. In 1979, IPEC commenced operating services between Melbourne, Sydney and Brisbane using chartered East-West Airlines Fokker F27 Friendships. A Douglas DC-9 was purchased in 1982. In October 1979, IPEC purchased British freight company Sayer Transport Group. In December 1980 it purchased Skypack International with operations in 26 countries. IPEC owned the Angus & Robertson publishing business until selling it to News Corporation in May 1981. In 1983 Skypack International was sold to Thomas Nationwide Transport. In 1983 Mayne Nickless purchased a 50% shareholding. In 1998 IPEC was purchased by Toll and rebranded Toll IPEC. In July 2007, Toll Holdings Limited acquired Victorian Express Pty Ltd which provided intrastate express freight services within Victoria. Global Express Toll Global Express was a logistics and transportation division of the group. In 2012 it had plans to extend its compressed natural gas-powered fleet to more than 70 trucks. In 2014 it announced a $150-million, 71,000-square-metre, parcel-sorting centre near Melbourne Airport, to be built in partnership with Australia Pacific Airports. Toll agreed to sell the division