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Apr 27, 2014

TRUCKING INDUSTRY * Japan / China

* China’s 24-Million-car market spurs trucking investment: freight 

Tokyo,Japan -Bloomberg News, by Chris Cooper / Kiyotaka Matsuda -April 24, 2014: ... Nippon Yusen K.K., the world’s largest carrier of vehicles by sea, is planning to add more logistics centers for trucks in China as part of a multi-billion yen world-wide expansion... Nippon Yusen transported 1.36 million cars in China in 2013, including some in a venture with Anji, according to figures from the company. The Tokyo-based company will probably boost trucking of vehicles to 5.7 million worldwide in 2016, from 3.7 million last year, and China’s share is around 40 percent... Nippon Yusen may get a boost in plans to expand its trucking business in China from its current customers. Toyota Motor Corp., Nippon Yusen’s biggest customer, is predicting record China sales of 1.1 million units this year and planning further expansion... Nippon Yusen is also expanding into trucking in North America... The company is buying a 30 percent stake in Mexican trucker Consorcio de Servicios Internacionales SA de C.V. for several billion yen, Takaya Soga, a general manager of Nippon Yusen’s auto logistics group, said...

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