Air Cargo Surcharges: Global Scheme or Coincidence?
By Marius Meland
Law360, New York (March 17, 2006, 12:00 AM EST) -- Beginning on the morning of Feb. 14, major air cargo companies around the world received a rude awakening. Government officials from the U.S., Europe and Asia came knocking at their doors to issue warrants and demand documents up front from dozens of carriers – and all before their morning coffee.
In what is known as a classic “dawn raid,” antitrust regulators raided the offices of air cargo companies in an ongoing investigation into possible price fixing of surcharge rates.