Japanese Freight Cos. Pay $47M In US Price-Fixing Probe

Law360, New York (September 28, 2011, 4:33 PM EDT) -- Six Japanese freight forwarders agreed Wednesday to plead guilty to conspiring to fix the prices of air cargo shipments from Japan to the U.S., and to pay a combined total of $46.8 million in criminal fines, according to U.S. antitrust authorities.

Prosecutors filed charges Wednesday in Washington federal court against Kintetsu World Express Inc., Hankyu Hanshin Express Co. Ltd., Nippon Express Co. Ltd., Nissin Corp., Nishi-Nippon Railroad Co. Ltd. and Vantec Corp., alleging that the six were involved in a plot to fix certain freight-forwarding service...
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