ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more