Nippon Yusen looking to leave airfreight

JAPAN’S Nippon Yusen has hinted that it is looking to consolidate its airfreight services with another operator so that it can focus on sea. Like many others, it has been hit hard by a large drop in demand leaving it to record a net loss of ¥29.3 billion (US$337.7 million) for the first two quarters of the financial year.The company provides air, land and sea transport services, but some analysts say it should focus on sea transport.“It’s time Nippon Yusen scrapped its strategy of becoming a comprehensive service provider,” said one Japanese analyst. “The company should focus its investment on sea transport.”

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