EU Hits Freight, Window Cartels With $340M In Fines

Law360, New York (March 28, 2012, 1:28 PM EDT) -- The European Union's competition watchdog on Wednesday imposed a total of $340 million in fines on frieght company and window manufacturer cartels for alleged price fixing.

The EU's Competition Commission hit 14 freight and logistics companies with $225 million in penalties for colluding to impose surcharges for international freight forwarding to the United States and China. Forwarding is the business of supply-chain management and coordination.

In a separate matter, the commission fined nine window manufacturers $115 million for reaching uncompetitive agreements on common price increases for...
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