Nippon Express gains from AI volumes in third quarter

Japan-based Nippon Express benefited from strong demand for high-tech shipments in the third quarter as global investment in AI has continued.

The global logistics and freight forwarding company said that overall air forwarding volumes had risen during the quarter due to demand for semiconductors and car-related shipments.

“Air forwarding volume rose year on year, driven by strong demand for semiconductor-related shipments amid the expansion of the AI market and increased demand for certain spot logistics services in the automobile sector,” said Nippon Express.

However, although semiconductors boosted volumes, the overseas air forwarding business faced a downturn in air e-commerce shipments due to the end of the de minimis exemption for low-value parcels entering the EU.

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