Air Cargo Companies Raided In Antitrust Probe

Law360, New York (February 21, 2006, 12:00 AM EST) -- Amid surprisingly uniform surcharge rates in the air cargo industry, U.S. and European antitrust officials raided offices of several major carriers last week as part of an international investigation into possible price fixing.

Officials from the U.S. Federal Bureau of Investigation, the European Union competition directorate and South Korea’s competition regulator are looking into more than a dozen carriers in the U.S., Europe and Asia after a raid, which began on Feb. 14. Authorities declined to comment on the ongoing investigation.

Although what instigated the probe...
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