Sagawa, Kintetsu dissolve business alliance
Sagawa Express Co. and Kintetsu World Express Inc. said Friday they have dissolved their business alliance on Thursday.
The major delivery firms, which agreed on Jan. 29, 2001 to cooperate in domestic and international cargo operations, found after five years that the partnership was not providing the benefits expected, the two said.
The alliance started with Sagawa looking after domestic deliveries of airborne cargo brought to Japan by Kintetsu. The two firms failed to capitalize on the partnership in other operations and recent changes in the business environment made each reexamine the aims and future of the alliance, Sagawa and Kintetsu added. Recent changes in the Japanese distribution industry include Japan Post’s conclusion of respective business alliances in October 2005 with Dutch mail and logistics giant TNT NV and All Nippon Airways .
