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Scramble for drivers sends Japan's Yamato toward fresh loss

Home delivery leader's labor costs outstrip meager parcel growth

A mass hiring of delivery drivers by Yamato Holdings sparked a surge in labor costs that helped produce an operating loss in the January-March quarter.

TOKYO -- Logistics group Yamato Holdings, Japan's leading parcel delivery company, faces a second straight quarterly loss as it continues to cope with the challenge of securing scarce drivers.

The company is likely to report an operating loss of about 6 billion yen ($55.4 million) for the three months ended in June.

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