TOKYO -- Japan Post will set up a joint venture with Australian subsidiary Toll Holdings to meet demand for logistics support in Japan from automakers and major overseas brands.
The new company, expected to be called JP Toll, will add competition to an already fiercely contested corporate logistics market, which is expanding fast as online shopping takes off. The postal service aims to leverage the logistics expertise of the Australian company, whose struggles led to a group net loss in fiscal 2016.
