Nippon Express (NX Group)

Tokyo-based forwarder ranked fourth among global forwarders

Overview

Nippon Express, now branded NX Group under the holding company Nippon Express Holdings, is a Tokyo-based logistics group operating since 1937. It ranked sixth on Armstrong & Associates’ 2026 global 3PL list with 2025 gross logistics revenue of US$17.2 billion[1], and says it ranked fourth on A&A’s Top 25 Global Freight Forwarders list for 2026[8].

The group reports 77,925 employees as of December 2025, more than 2,900 locations and 322 group companies, and a presence in 56 countries and regions as of March 2026[8]. Services include air, ocean, ground and multimodal freight; project logistics and heavy cargo; overseas relocation; warehousing and distribution; supply chain management and lead logistics provider services; and industry programmes for technology, mobility, fashion, healthcare and semiconductors[8].

Forbes’ 2026 Global 2000 shows sales of US$17.1 billion but net profit of only US$39.9 million[4], reflecting thin margins compared with Western forwarders. Its dedicated programmes for semiconductor, mobility and healthcare customers are its main distinction from generalist forwarders[8].

Nippon Express (NX Group) features

  • Air, ocean, ground and multimodal freight
  • Project and heavy-lift logistics
  • Warehousing and distribution
  • Lead logistics provider services
  • Semiconductor and healthcare programmes
  • Overseas relocation

Nippon Express (NX Group) strengths and limitations

Strengths

  • Fourth among global forwarders (A&A 2026)
  • Industry programmes incl. semiconductors
  • Wide service range incl. heavy lift
  • Large location network

Limitations

  • Thin profit margin per Forbes data
  • Present in fewer countries (56) than the European leaders
  • Complex group structure

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