Tag: Sagawa Express

Sagawa Express Co, one of Japan’s big four transport firms, will set up a new cargo airline in April in a tie-up with Japan Airlines Corp (JAL), the Nihon Keizai Shimbun reported, quoting company sources.

The planned new venture, the first fully-fledged cargo airline in Japan in 15 years, will start operations in March next year, it said.

The firm aims to offer cargo transport services at prices 20-50 pct lower than those of its rivals — Yamato Transport Co and Nippon Express Co — using its own planes, the business daily said.

The firm, to be capitalized at 5 bln yen, will be owned 50 pct by Sagawa Express, which is asking major trading houses, like Mitsubishi Corp and Mitsui and Co, as well as JAL, to hold the remaining stakes in the venture, it said.

Major Japanese parcel delivery company Sagawa Express Co. said Wednesday it has set up China’s first nationwide distribution firm with local partner China Poly Group Corp.

Poly-Sagawa Logistics Co. Ltd., a 50-50 joint venture, was established up in Shenzhen in June with 10.8 million dollars in capital and aims to start operations in September, having already received government approval, the companies said in a statement.