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Japanese logistics companies buy their way into global top

Japanese logistics companies have been shopping overseas for USD billions over a period of just a few days. This could challenge the European and American companies in Asia.

BY OLE ANDERSEN
Published:

In just a few days, two Japanese logistics companies have made acquisitions for billions in Asia, which could cause difficulties for the European and American companies in Asia.

On Wednesday, Japan Post Holdings announced that it would be taking over the Australian logistics company Toll Holdings for USD 5.1 billion. The announcement came just one day after the Japanese air-cargo carrier Kintetsu World Express announced that the company would be buying APL Logistics out of the Singapore-based container carrier Neptune Orient Lines for USD 1.2 billion.

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