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