Japan Airlines (JAL) and Japan Post will expand delivery areas for Cool EMS Service to France from 1 April 2015, in addition to Hong Kong, Taiwan, Singapore, Malaysia and Vietnam. Meanwhile, the number of post offices available for Cool EMS Service will be increased from 25 to 78 across Japan. In France, Paris is famous for its restaurants and haute cuisine, and there are many Japanese restaurants, too. This is the first time for Cool EMS Service to reach European areas. JAL and Japan … [Read more...] about JAL, Japan Post expand Cool EMS to France
Japan Post
Japan Post to buy Toll for US$5B
State-owned Japan Post will buy Australian logistics company Toll Holdings Ltd. for US$5.07 billion, as it seeks new sources of growth ahead of an initial public offering planned for later this year. Under the deal, Toll will retain its name and run as a division under Japan Post. Toll’s board of directors has unanimously recommended shareholders accept the offer. The move came as Toll announced a 22 per cent slide in its first half profit because of challenging economic … [Read more...] about Japan Post to buy Toll for US$5B
Nippon Express to cut stake in Japan Post JV
Nippon Express Co said it will reduce its 34 percent equity stake in its parcel delivery service joint venture with Japan Post Service Co to 14 percent and remove it as an equity-method affiliate. The trucking firm said it will sell 20 percent of its shareholding in JP Express Co to Japan Post Service, the mail arm of government-owned Japan Post Holdings Co, Japan Today reported, citing industry sources. The move comes after Japan Post Service said last month it would delay the planned … [Read more...] about Nippon Express to cut stake in Japan Post JV
Japan Post pulling out of cargo JV with ANA
Japan Post Service Company is planning to pull out of an international air cargo joint venture with All Nippon Airways, according to a Jiji Press report. Japan Post Service, a subsidiary of Japan Post Holdings, intends to sell its entire 33.3 per cent stake in the cargo carrier, ANA and JP Express to the airline company, the report said quoting unnamed sources. ANA currently holds 51.7 per cent in ANA and JP Express. The rest is owned by Nippon Express and Mitsui OSK Lines. Japan Post … [Read more...] about Japan Post pulling out of cargo JV with ANA