Japan's Fair Trade Commission has notified more than 10 companies that they will be fined about ¥10 billion (US$103.2 million) for operating a cartel on international air cargo services. The FTC believes that the companies, including major distribution and logistics companies Nippon Express Co., Kintetsu World Express Inc. and Yusen Air & Sea Service Co., constrained fair competition by forming a cartel that added fuel surcharges and airport security charges to their air cargo service … [Read more...] about Global cargo cartel fallout lands in Japan
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Australia competition watchdog fines three more carries
In the latest development revolving around the global air cargo price fixing scandal, Australia's competition watchdog has sued three more airlines over allegations they were involved in price-fixing. Air France-KLM, Martinair and Cargolux have joined Singapore Airlines, Qantas Airways and British Airways over the same allegations made by the Australian Competition and Consumer Commission. The three have agreed to pay fines, with Cargolux saying it has agreed to fines of A$5 million (€2.6 … [Read more...] about Australia competition watchdog fines three more carries