
Japan’s air cargo sector enjoyed a strong first quarter in its fiscal year 2017/18.
Nippon Express recorded a 32% jump in air exports, handling 65,723 tonnes of consolidated cargo – the Tokyo-based 3PL dominates Japan’s air freight forwarding sector with around 20% market share.
In its first-quarter earnings report, Nippon said the “robust” boost in air cargo volumes was one factor leading to a 24% jump in pretax profits to over ¥16bn (US$145m). A change in depreciation method and increased oil prices also played ...
Comment on this article