Neopost agrees parcel locker deal for Japan

Neopost has today announced a joint venture with Japanese leader in transportation and parcel delivery, Yamato Transport, to operate a network of secure automated parcel lockers in Japan, primarily in underground and railway stations. Pilot units have already been installed in underground stations and Yamato branches. Yamato Transport, will use the parcel lockers for unsuccessful home deliveries which currently represent about 20% of its total parcel deliveries.

The joint venture will be 51% owned by Neopost and 49% by Yamato Transport. Neopost will provide the JV with the lockers, associated software and IT infrastructure and the final contract is expected to be signed in March 2016.

Yutaka Nagao, President of Yamato Transport, commented: “It is my utmost pleasure and honour to announce that Neopost and Yamato Transport have an agreement in principle to form a joint venture to provide an open locker network service in Japan. I trust that this will be a key addition to the parcel delivery service that we have been offering for the last 40 years. Japanese society will realize and enjoy a new pattern of life style by experiencing unique, efficient, and more convenient open locker network developed by Neopost’s knowhow fostered in the industry. Even though this is the first time any parcel delivery company has attempted to offer such a service in the Japan market, I can say with sincerity and utmost confidence that the collaboration of Neopost and Yamato Transport will result in a very successful and sound service.”

Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented: “We are extremely proud and happy to join forces with Yamato Transport in providing a unique and shared solution that will facilitate parcels’ delivery in Japan. This agreement will further strengthen our global positioning as parcel facilitator and promote Neopost Shipping delivery services as an efficient way to address the needs created by the expansion of ecommerce.”