Japanese Freight Co. To Pay $2.3M In Price-Fixing Probe

Law360, New York (September 19, 2012, 2:05 PM EDT) -- Japanese freight forwarder Yamato Global Logistics Japan Co. Ltd. on Wednesday became the latest company to plead guilty to charges that it conspired to fix fees for air cargo shipment services, agreeing to pay $2.3 million in criminal fines.

The U.S. Department of Justice said Yamato agreed to admit that it violated the Sherman Act by participating in a conspiracy with its rival companies to fix their service surcharges for freight forwarding — the intermediate management of shipping between the sender and receiver.

The charges and...
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