Tokyo May 26, 2009: Today, Mitsui & Co., Ltd (Mitsui) and Japan Airlines Group (JAL) jointly announced a business alliance agreement in the logistics field, with Mitsui offering logistics solution services centering on sea freight transport and JAL offering its air cargo transport services in what is a first of its kind cooperation between a general trading company and. an airline in Japan
Under the agreement, both parties will complement each other with their respective strengths to further improve service and increase competitiveness. "Value-up Innovation Partners by Mitsui & JAL" is the one-stop service solution formulated as a result of their collaboration, and aims to offer customers an enhanced value chain with wider options in the areas of transportation modes, logistics processing, and other technique-based functions such as logistics financing.
Combined functions offered by the cooperation between Mitsui and JAL.
At a time when global demand in the logistics sector is weak, and as the industry continues to face a challenging year ahead, Mitsui and JAL both recognize the need to expand service territories and to raise the level of convenience and service standards by providing a comprehensive and seamless transport process that will meet the needs of the customers. The companies hope that through the partnership, they can both transcend the frameworks of a logistics division in a general trading firm and of an airline, and integrate their respective features and functions to offer support to the businesses of their customers.
Both group companies will start sales activities from July 1, 2009.
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