Effective November 1st, NYK Line (Japan) will change its name to NYK Container Line, upon a transfer of business from Tokyo Senpaku Kaisha to Nippon Yusen Kabushiki Kaisha
TSK's intra-Asia liner business will be transferred to Nippon Yusen Kabushiki Kaisha from November 1st, and all TSK staff members will move to NYK Line Japan, which is charge of NYK's liner service operations and related businesses in Japan
NYK Container Line will provide an enhanced container service by using TSK's know-how in intra-Asia containership operations and logistics designs
Moreover, NYK Container Line will strengthen its cooperation with other NYK Group companies and restart as a company capable of meeting the various logistics needs of customers by providing services that extend beyond port to port
Fred Green, President and Chief Executive Officer, departing after 34 years of service.
The Group delivered a profit of USD 1.2bn (USD 1.2bn) and a return on invested capital (ROIC) of 10.0% (11.7%) for Q1.
UPS today announced it has the necessary financing in place for its intended recommended public offer for TNT Express N.V.