Track A Shipment

Select Tracking Type *

Enter your reference number for full visibility

News & Events

See what we are up to.
Сonstellations Left constellations

APL Logistics: Financial Results for Q3*

Singapore, 11 February 2020

Our parent company, Kintetsu World Express (“KWE”), has posted Q3 2019 results.

With respect to APL Logistics (“APLL”):

APL Logistics posted a strong financial performance despite declining year-on-year volumes across its core vertical segments.  Volume declines were largely attributed to a volatile global economy which brought an industry-wide decline in freight activity, as well as flooding and labor issues in the U.S. that impacted N-S rail auto volumes.

As a result, net sales of APLL fell 8.0% to 133,829 million yen, but operating income rose 41.8% to 8,135 million yen through efforts to improve operating margin including reduction of selling, general and administrative expenses.

The exchange rate was U.S. $1 = \109.15 and U.S. $1 = \109.61 for the nine months ended December 31, 2019 and 2018, respectively (APLL used the average rate for the period from January 1 to September 30 because APLL’s fiscal year-end is December 31).

*reference from KWE Q3 financial result public release


This website uses cookies to collect data and enhance your experience. Cookies are files stored in your browser and are used by websites to personalize your experience. Do you accept these cookies? For more information, please see our Cookie Policy.