, or KWE, is a major

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

ese

freight Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including transp ...

forwarding company. It is a subsidiary of the Japanese railway holding company

Kintetsu Group Holdings , referred to as , is a Japanese railway holding company which primarily owns the Kintetsu Railway as well as Kintetsu World Express, Kintetsu Department Store, and its other 141 corporations, which are collectively known as Kintetsu Group. It ...

(''近鉄グループホールディングス株式会社 Kintetsu gurūpu hōrudeingusu kabushiki gaisha'') and provides air and sea freight forwarding, customs brokerage, and warehouse inventory management services.

History

In 1948, the Operations Bureau of Kintetsu Corporation began handling international freight and travel services. Shortly after, the

International Air Transport Association The International Air Transport Association (IATA ) is a trade association of the world's airlines founded in 1945. IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff ...

(IATA) approves Kintetsu Corporation as an agency. In 1955, Kintetsu Corporation developed into Kinki Nippon Tourist Co., Ltd. (KNT), and combines its international air freight and

international tourism International tourism is tourism that crosses national borders. Globalisation has made tourism a popular global leisure activity. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual en ...

divisions to create a luggage handling service. The

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

and United States subsidiaries were established in 1969, and Kintetsu World Express, Inc. spun off from KNT in 1970. KWE experienced rapid expansion for the next 30 years, and adopted the Quadrilateral Management System with regional headquarters for

; The Americas; Europe & Africa; and Asia &

Oceania Oceania (, , ) is a region, geographical region that includes Australasia, Melanesia, Micronesia, and Polynesia. Spanning the Eastern Hemisphere, Eastern and Western Hemisphere, Western hemispheres, Oceania is estimated to have a land area of ...

. The company was first listed on the NASDAQ Japan Market (now JASDAQ Market), and a section of

Osaka Securities Exchange , renamed from , is the largest derivatives exchange in Japan, in terms of amount of business handled. , the Osaka Securities Exchange had 477 listed companies with a combined market capitalization of $212 billion. The Nikkei 225 Futures, intro ...

until 2004, when it was de-listed. In 2003, KWE’s stock listing was upgraded to the First Section of the

Tokyo Stock Exchange The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia. It had 2,292 listed co ...

. KWE revised its management system in 2006 to a Five Regional Management System to better support its 40 affiliated companies and 10 representative offices in 32 countries outside Japan: management was established for Japan; The Americas; Europe, Middle East & Africa; Southeast Asia; and Asia & Oceania. In 2008, KWE acquired

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

-based TKK Logistics Co. Ltd., formerly known as Thai Kargo Kare Co., Ltd. In 2012, Kintetsu World Express, Inc. signed a joint venture agreement with

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

-based provider

Gati Gati or GATI may refer to: * Gati Ltd, an Indian courier delivery services company * Gati, Nepal, a village * Gati, Iran, a village * gati, a term for the subdivisions of the Desire realm in Buddhist cosmology * GATI, the Gender and Trade Initiativ ...

to form Gati-Kintetsu Express Pvt. Ltd. The joint venture would provide express distribution and supply chain solutions across the

Asia Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Is ...

region and

SAARC The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of states in South Asia. Its member states are Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, ...

countries. In 2015, Kintetsu World Express, Inc. acquired

APL Logistics APL Logistics Ltd. (APLL) is a wholly owned subsidiary of Kintetsu World Express, Inc. (KWE), a Japan-based freight forwarding and transportation company. As a global supply chain specialist, APL Logistics trades in more than 60 countries, serving ...

from

Neptune Orient Lines Neptune Orient Lines Limited (NOL) was a Singaporean container shipping company. It was founded in 1968 as Singapore's national shipping line, but was later sold as a subsidiary to French shipping company CMA CGM in 2016. On 1 October 2020, NOL ...

(NOL) for US $1.2 billion.{{Cite web , url=http://www.businesstimes.com.sg/transport/nol-to-sell-apl-logistics-to-japans-kwe-for-us12b , title = NOL to sell APL Logistics to Japan's KWE for US$1.2b, date = 2015-02-18

Board of chairmen

* Kazuyasu Ueda, chairman of the board * Nobutoshi Torii, representative director and president * Joji Tomiyama, director and executive vice president * Keisuke Hirata, director and managing executive officer * Katsufumi Takahashi, director and managing officer * Kiyoyuki Hirosawa, director and managing officer * Tetsuya Kobayashi, outside director * Yukio Ueno, outside director * Sanae Tanaka, outside director

References

Logistics companies of Japan Transport companies based in Tokyo Companies listed on the Tokyo Stock Exchange Japanese brands Kintetsu Group Holdings