Nippon, Others Hit With $92M In Air Cargo Cartel Fines

Law360, New York (March 18, 2009, 12:00 AM EDT) -- The Japanese Fair Trade Commission has reportedly ordered 11 Japanese transport companies to pay fines of ¥9.05 billion ($92.4 million) for allegedly forming a cartel to fix air cargo charges.

The JFTC also ordered the companies to discontinue their alleged price-fixing and urged the Japan Aircargo Forwarders Association, an industry group, to prevent the future occurrence of a cartel, Japan's Kyodo News Agency reported.

The agency suspects the industry association helped facilitate the formation of the cartel, according to Kyodo.

Information about which cargo companies were...
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