Spain Fines 7 Shippers €14M Over Freight Cartel

Law360, New York (August 5, 2010, 12:11 PM EDT) -- Spain's antitrust watchdog has hit seven shipping companies, including a local unit of DHL International GmbH, with more than €14 million ($18.4 million) in fines for allegedly coordinating price hikes for their ground forwarding operations.

The National Competition Commission, or CNC, fined the companies for anti-competitive activities dating back to 2000, when executives for the companies began meeting to discuss their road freight forwarding operations, which handle the logistics of transporting large shipments through third parties and customs issues for international cargo, the regulator said Thursday....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.