-- Seeks to resolve driver shortage issues and improve logistics efficiency --
NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri) has acquired a stake in CBcloud Co., Ltd. (Representative Director and CEO: Ryuichi Matsumoto; hereinafter "CBcloud"), which operates PickGo, a delivery platform boasting one of Japan's largest networks, as an investment for the NX Global Innovation Investment Limited Partnership and concluded a capital and business alliance agreement with that same company on October 31.
■Profile of CBcloud
Since its establishment in 2013, CBcloud has been developing technology-based services with the aim of building new social infrastructure to resolve issues in the logistics industry under the vision of "adding greater value to delivery". Its flagship service PickGo, the largest delivery platform in Japan with approximately 70,000 registered freelance delivery drivers, directly connects shippers and delivery partners (vehicles and drivers). With a suitable driver evaluation system and a 24/7 delivery response and support system, CBcloud is helping overcome labor shortages and other issues faced by the logistics industry through the services offered by its high-quality drivers.
■Investment background and objectives
With the logistics industry confronting a growing shortage of drivers, revisions made to the 2024 Act on the Advancement of Integration and the Streamlining of the Distribution Business and the Motor Truck Transportation Business Act as well as the enactment of new trucking legislation in 2025 necessitate a structural revamping of the industry. (....)