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Japan: US DOJ wracks up millions in airfreight settlements

By  |  March 11, 2013
Japan: US DOJ wracks up millions in airfreight settlements

More than 18.9 million in fines was the resulting settlement between the Department of Justice and two Japanese airfreight companies as the two became the latest to plead guilty to price-fixing. According to reports, 16 firms have become involved in the conspiracy, resulting in a total of more than $120 million in settlements. Court documents name “K” Line Logistics Ltd. and Yusen Logistics Co. the latest to fix prices of fuel and security in their shipments from Japan to the US. According to the papers, the collusion lasted between September 2002 and November 2007.

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