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Shipper Mitsui OSK Lines FY24 net profit rises 62.62%; forecast FY25 net profit to drop 60% due to tariff war

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Yamato Transport Launches Fast Cross-Border Trucking Service Utilizing “Bonded Transfer Between Airports” within US-Mexico Supply Chain

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Yamato Transport USA, Inc. (President: Hiroyuki Mizushima, Headquarters: United States; hereinafter "Yamato USA"), a subsidiary of Yamato Holdings Co., Ltd. (Headquarters: Chuo-ku, Tokyo, President: Yutaka Nagao), will launch a cross-border trucking service utilizing "bonded transfer between airports," which eliminates the need for customs clearance procedures at the U.S.-Mexico border, starting on December 12, 2024. By reducing the turnaround time for customs procedures, this service enables fast and highly punctual cross-border transportation, supporting the customers to establish optimal supply chains tailored to diverse needs. 1. Objectives Mexico has been gaining prominence as a nearshoring destination for the U.S. market due to factors such as U.S.-China trade friction and rising prices and labor costs in the United States. This trend has led to the increased investment by automotive companies from around the world, including Japanese companies. In 2023, the t...