Freight News

Expeditors to accept EU fines ruling

[ May 25, 2012   //   ]

US forwarder Expeditors International said that it would not appeal against the $5.5 million fine imposed by the European Commission last March for its part in a forwarding price cartel. The company was one of a group of 14 international forwarders that allegedly operated four cartels. Expeditors told the US Securities and Exchange Commission that it did not agree with the EC decision, but there was no real possibility of completely overturning the decision.

So far, Panalpina is the only one of the 14 forwarders that has said it would contest the decision.