Japanese logistics firms deemed air cartel
Japan’s Fair Trade Commission has indicated it will fine about a dozen logistics companies in Japan $107 million for price fixing on international air cargo, the Kyodo news agency and international news outlets reported over the weekend.
Companies notified by the FTC of the penalty included Nippon Express, Kintetsu World Express Inc., and Yusen Air & Sea Service Co Ltd.
FTC investigators believe the companies formed a price cartel and passed on fuel surcharges and airport security charges to international air cargo shippers between 2004 and 2007. The probe has been ongoing since April 2008. The exact fine is said to be determined after FTC officials have heard from the accused companies, the Japanese news agency reported.
Japanese logistics firms deemed air cartel
