Reuters: Regulatory News: UPDATE 1-EU set to fine UPS, 12 others in logistics cartel-sources

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UPDATE 1-EU set to fine UPS, 12 others in logistics cartel-sources Mar 27th 2012, 12:14 Tue Mar 27, 2012 8:14am EDT By Foo Yun Chee and Francesco Guarascio BRUSSELS, March 27 (Reuters) - EU antitrust regulators are set to fine 13 logistics firms, including UPS, Panalpina and Expeditors, on Wednesday for taking part in a cartel, two people familiar with the matter said on Tuesday. A European Commission document seen by Reuters also confirmed that a decision and fines would be announced on Wednesday. Deutsche Post unit DHL Global Forwarding, which had taken part in the cartel but alerted the regulator to the collusion, will escape a financial penalty, the people with knowledge of the case told Reuters. The European Commission charged the firms in February 2010 with fixing prices in the air freight forwarding business, in breach of EU antitrust rules. The charges followed raids on the companies three years earlier. "The Commission's decision is expected tomorrow," said one of the sources, who declined to be identified because of the sensitivity of the matter. A separate Commission document obtained by Reuters listed other members of the cartel as CEVA/EGL, Deutsche Bahn's logistics unit Schenker AG, Germany's Hellmann Worldwide Logistics and Japanese firm Kintetsu World Express . Other companies named were Switzerland's Kuehne & Nagel , Nippon Express (China), Kuwaiti firm Agility , UTi, Denmark's DSV Air & Sea SAS and Yusen Shenda Air & Sea Service. Deutsche Post's DHL Global Forwarding, which blew the whistle on the cartel, has said the Commission's case related to different surcharges imposed by the firms. The Commission said in its charge sheet that the violations took place in freight forwarding services from Europe to the United States and China, from Britain to non-European destinations and from Europe to Hong Kong and southern China. Regulators in the United States and elsewhere have also cracked down price-fixing in the sector. Panalpina, Kuehne & Nagel, EGL and Schenker were among six firms fined by the U.S. Justice Department in September 2010 and around the same time regulators in New Zealand also penalised Schenker, Kuehne & Nagel, Panalpina and other firms. Link this Share this Digg this Email Reprints

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