Nippon Express

Nippon Express Co., Ltd. (日本通運株式会社 Nippon Tsūun Kabushiki-gaisha, Nittsu) (TYO: 9062) is a logistics services company. Its head office is based in Tokyo, Japan.[1]

History

The company was established in 1937 in line with the Nippon Tsu-un Kaisha Law as a semi-government transportation service. The Company was established by pooling the assets of Kokusai Tsu-un KK (International Express Co., Ltd.), which consolidated many of the nation's small-scale rail transport companies, and six other competitors, with additional funding from the Japanese government.[2]

Activities

Nippon Express annual revenues exceed $14 billion USD. Nippon Express has a strong global network that spans over 40 countries, with company direct operations in 33 nations.

At the end of 2013 Nippon Express Co Ltd bought 67 percent of Panasonic Logistics which is owned by Japanese electronics group Panasonic Corp.[3][4]

References

  1. ↑ Kathleen Chu & Katsuyo Kuwako, "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus," Bloomberg (Nov 26, 2013)
  2. ↑ "History," Nippon Express website.
  3. ↑ Mariko Yasu & Grace Huang, "Panasonic Says Ready to Spend $1 Billion on New Deals," Bloomberg ( Nov 11, 2013).
  4. ↑ "EU mergers and takeovers (Nov 21)," Reuters (Nov 21, 2013).
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