United States

Ground Freight & Logistics

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SENKO announces transition to holding company structure

Friday, 15 Apr 2016 03:00am EDT

SENKO Co Ltd:To set a wholly-owned subsidiary based in Osaka as the successor preparatory company engaged in logistics business on April 15.To transfer its business in Japan to the new subsidiary and restructure itself into holding company, effective April 1, 2017.

ENSHU TRUCK to dissolve overseas nonconsolidated subsidiary and expects extraordinary loss for FY 2016

Tuesday, 29 Mar 2016 03:00am EDT

ENSHU TRUCK CO LTD:To dissolve overseas nonconsolidated subsidiary located in Qingdao, China.Liquidation is expected to be completed at the last day of Sep. 2017.Says it expects an extraordinary loss of 54 million yen for the fiscal year ending March 2016.

NIKKON Holdings announces merger of wholly owned subsidiaries

Friday, 5 Feb 2016 02:00am EST

NIKKON Holdings Co., Ltd:Says its wholly owned subsidiary NIPPON KONPO UNYU SOKO CO.,LTD. will merge with another wholly owned subsidiary, which has been engaged in the warehouse, transportation and packing business in Saitama-prefecture, Japan.Effective date April 1.As a result, NIPPON KONPO UNYU SOKO will be the surviving company, and the Saitama-based subsidiary will be dissolved.

Norfolk Southern Corp combines divisions to streamline operations and support growth

Tuesday, 12 Jan 2016 04:16pm EST

Norfolk Southern Corp:Says it is consolidating its Virginia and Pocahontas divisions to form the new Pocahontas Division, with headquarters in Roanoke, Va., effective Feb. 1.Says will continue to operate its rail yard in Bluefield.Consolidation will affect management and office staff positions now based in Bluefield.Affected employees will have an opportunity to relocate to Roanoke or apply for other positions at the company.With the consolidation, Norfolk Southern will operate 10 divisions across its network.

Norfolk Southern announces additional actions to improve efficiency and reduce operating costs

Tuesday, 22 Dec 2015 04:16pm EST

Norfolk Southern:It will consolidate operations of its coal docks located on Lake Erie in Northern Ohio.This change will streamline operations for customers while improving network efficiency and reducing operating costs for Norfolk Southern.NS plans to idle its Ashtabula, Ohio, Coal Pier and shift operations to the railroad's Sandusky, Ohio, Dock.Ashtabula will continue to operate until all coal inventories have been transloaded, which is expected to be completed by May 2016.The facility will remain idled until and if market conditions warrant reopening.Says a total of 21 positions will be affected as part of the transition.

Suzuyo Shinwart to transfer business to subsidiary

Wednesday, 16 Dec 2015 02:00am EST

Suzuyo Shinwart Corp:To transfer its software development, sale and maintenance related business to its Tokyo-based wholly owned subsidiary effective on Feb. 1, 2016.

KIMURA UNITY to close Chiba Ken-based office

Friday, 25 Sep 2015 02:10am EDT

KIMURA UNITY CO LTD:To close a Chiba Ken-based office on Sep. 30.

Norfolk Southern Corp restructures Triple Crown Services subsidiary

Friday, 18 Sep 2015 10:12am EDT

Norfolk Southern Corp:Restructures triple crown services subsidiary.Says expects to downsize the workforce by about 200 employees by the end of the year.Says restructuring is expected to be modestly accretive to earnings beginning in 2016.As a result of the restructuring, co to recognize accelerated depreciation,other costs of up to $65 million in second half of the year.Says restructuring its triple crown services subsidiary to "focus on the transportation of automobile parts".Will work with logistics partners to convert other business handled by triple crown services into Norfolk southern's network.Says affected employees will be eligible for severance pay, job placement assistance,opportunities to apply for positions at ns.


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