Polar Air Cargo, a division of Atlas Air Worldwide Holdings (AAWW), has reached an agreement with the US Department of Justice (DOJ) Antitrust Division to settle a price fixing charge involving fuel surcharges and cargo rates amongst a group of carriers. The collusion involved shipments from the US to Australia during the period from January 2000 to April 2003. Polar - not to be confused with Polar Air Cargo Worldwide, AAWW's operating subsidiary, which is not implicated - will pay a fine of … [Read more...] about Polar pleads guilty, fined $17 million
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British Airways World Cargo
A former executive in British Airways’ cargo business has agreed to plead guilty to price-fixing in the US and will serve eight months in jail and pay a fine of US$20,000. Keith Packer, a British citizen, was formerly commercial general manager for British Airways World Cargo. He pleaded guilty to conspiring to fix cargo rates for air shipments to and from the US, the Justice Department said. Packer is the first foreign national and third individual charged as part of an ongoing … [Read more...] about British Airways World Cargo
