TNT sent out a terse release Tuesday that said the company had been given a Statement of Objections from the agency, but the company also noted that it has been cooperating with the investigation, which began in 2010.
“On the basis of preliminary analysis of the SO, it cannot be excluded that TNT Express will be fined for a material amount as a result of this procedure,” TNT said in the statement.
FedEx gave notice in a June 30 filing with the Securities and Exchange Commission, saying it received an SO regarding TATEX, which FedEx acquired in 2012. FedEx said the alleged infractions, which “occurred primarily in the framework of trade association meetings,” happened before FedEx’s acquisition of the company.
According to news reports, Royal Mail’s French subsidiary, GLS.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
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Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now