The decision by Japan state postal service to takeover regional logistics operator Toll Holdings for $5.07 billion is the second mega-logistics acquisition involving Japanese companies in as many days, and another exceptional price.
17 Feb 2015
Neptune Orient Lines has sold APL Logistics to Kintetsu World Express for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million.
31 Oct 2014
NOL Group today reported a third-quarter net loss of $23 million but managed to reduce its core earnings before taxes by 31 percent through cost management and efficiency that have delivered $290 million in savings so far this year.
22 Sep 2014
The savings to be gained from a container line getting more miles to the gallon are immense, as Singapore's NOL Group can attest with $1.2 billion in cuts, and half of that came from bunker and network savings at its APL liner division.
20 Aug 2014
Neptune Orient Lines said Wednesday media reports that it plans to sell its logistics business, APL Logistics, for up to $900 million are "preliminary and exploratory in nature.”
05 Mar 2014
NOL Group will return to profit this year by concentrating on its core Transpacific business and reaping the benefits of its sizeable port holdings, according to one equity analyst firm.