EU hits freight forwarding cartel with antitrust charges

08:12, February 11, 2010      

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The European Commission said Wednesday it has lodged antitrust charges against a number of companies concerning their alleged participation in price-fixing cartels in the air freight forwarding business.

The European Union (EU)'s antitrust watchdog said in a statement that the investigation would center on whether those companies fixed prices by colluding on the imposition, level, timing and application of various surcharges.

It said the alleged cartels concerned the provision of freight forwarding services from China to European countries.

Freight forwarding consists of organizing the transport of goods along with related activities such as customs clearance, warehousing and ground services.

The freight forwarding business has been segmented into domestic and international freight forwarding and freight forwarding by air, land and sea. The case concerns only the provision of freight forwarding services by air.

If found guilty, the companies could face fines of up to 10 percent of their annual sales.

Source: Xinhua
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