Nippon Express
Nippon Express
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]
In Japan it is commonly known as 'Nittsu'.
Activities
In 2017, Nippon Express annual revenues exceeded $16 billion USD, making it one of the top five global logistics services providers. Nippon Express has a strong global network that spans over 40 countries, with company direct operations in 33 nations.
Nippon Express indicated in September 2017 to plan to raise 100 billion yen ($912 million) in debt capital over two years to consolidate several warehouses in the Tokyo, Osaka and Nagoya regions and install labor-saving equipment, and to build transit warehouses in overseas locations, such as Thailand, Malaysia and Indonesia, taking advantage of low interest rates to cope with a deepening shortage of workers (source: Nikkei and Reuters).