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EU hammers forwarders in fixing case

Wednesday, March 28, 2012

The European Commission on Wednesday handed out $225 million in fines to 14 air freight forwarding companies, including some of the largest global firms in the sector, for fixing prices on several routes. The fines were largest for Kuehne + Nagel ($71.5 million) and Panalpina ($61.9 million), while UPS was also hit with a $13 million penalty. DHL Global Forwarding and Exel were exempt from the fines because they informed the EU’s antitrust regulator about the collus...

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