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SoftBank and Nippon Express to launch fleet management service: source - Metro US

SoftBank and Nippon Express to launch fleet management service: source

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

TOKYO (Reuters) – Wireless carrier SoftBank Corp <9434.T> and logistics firm Nippon Express <9062.T> plan to launch a joint venture offering fleet management services for small and medium-sized logistics firms, a source familiar with the matter said.

SoftBank will own 51% of the venture, the source said, which will offer a cloud-based service to monitor vehicles and help improve efficiency.

Japan’s third-largest wireless carrier is trying to growing revenue outside its core mobile business as it faces a fresh round of government pressure to cut prices.

A SoftBank spokeswoman said it had not announced such a plan, which was first reported by the Nikkei business newspaper. Nippon Express was not immediately available for comment outside of normal business hours.

(Reporting by Noriyuki Hirata; writing by Sam Nussey; Editing by Jason Neely and Jan Harvey)

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