Nippon Yusen and Yusen Air merge

NIPPON Yusen Kabushiki Kaisha (NYK) and Yusen Air & Sea Service (YAS), have agreed to integrate their logistics divisions.

Under the agreement, YAS will change its trading name to Yusen Logistics Kabushiki Kaisha (Yusen Logistics). Meanwhile, in Japan, YK Logistics will be integrated into YAS in October. However, YAS will remain a subsidiary of NYK.

The companies will begin to merge their international operations between April 2011 and March 2012, mainly by establishing joint ventures, which the new company will make its subsidiaries.

YAS’ current president, Shunichi Yano (right), and Masahiko Fukatsu, current president of NYK Logistics, will both head the merged company.

In a statement, the companies said that the move aimed “to boost the value of the group’s logistics business by optimisation and efficiency improvement using maximised group synergy”.

Share this story

Related Topics

Latest news

GA Telesis returns for six more B737-800 conversions

By Damian Brett

GA Telesis has placed an order for an additional six B737-800SF freighter conversions with Aeronautical Engineers, Inc. (AEI). The first…

Read More

Share this story

DSV’s Q3 air volumes boosted by Agility GIL takeover

By Damian Brett

DSV saw its airfreight volumes and revenues grow by double-digit percentage levels during the third quarter of the year on…

Read More

Share this story

Airfreight is Latin American aviation’s real pandemic winner

By Pilar Wolfsteller - FlightGlobal

The transport of cargo was a key driver of Latin American passenger carriers’ success in maintaining their operations during the…

Read More

Share this story