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Japan/U.S.: Japanese freight forward Yamato agrees to pay 2.3m USD in criminal fines

By  |  September 21, 2012
Japan/U.S.: Japanese freight forward Yamato agrees to pay 2.3m USD in criminal fines

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 USD in criminal fines. 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.

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