ANA signed an MOU yesterday with Tokyo-based international freight forwarders Nippon Express and Kintetsu World Express to establish a joint venture global business-to-business express delivery company with operations to start April 1. ANA will own the largest share of the yet-to-be-named company at 34%, according to a joint statement. Nippon Express and KWE each will own 28% and smaller unidentified forwarders will hold the remaining 10%. The companies cited "the increasing need for ...

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