Japan logistics M&A
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Japan Logistics M&A: Trucking Capacity After the 2024 Problem, Carve-Outs of Captive Logistics Subsidiaries and Expansion Abroad
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) In April 2024, Japan capped overtime for truck drivers. The expected shortfall in trucking capacity that followed is known in Japan as the “2024 problem.” Between 2025 and 2026 a series of regulatory changes took effect, covering multi-tier subcontracting in trucking and…