panalpina-and-ups

Forwarders fined for price-fixing

The European Commission fined 14 international air freight forwarders a total of €169 million on 28 March for colluding to fix prices and other trading conditions in 2002-07. The fines, which were a European mirror-image to those imposed by the US anti-trust authorities last year, were imposed mainly on large international operators including and were up to around €50 million. Four cartels controlled prices on major trade lanes between Europe and ... [+]