FedEx and UPS Drawn Into Price Fixing Probe

Both FedEx and UPS say they are cooperating with officials after a U.S. Dept. of Justice probe into air cargo price fixing resulted in separate subpoenas for the two transport and logistics companies. Both companies say they do not believe they have violated any laws.

The probe into air cargo price fixing began in February when officials in the European Union, South Korea and the U.S. simultaneously raided carrier offices to seize records or delivered documents requiring disclosure of pricing information by a number of international air carriers.

Though some government actions were more dramatic, entering offices and seizing records, many airlines were approached by investigators who conducted employee interviews and examined documents. Among the airlines contacted in the initial probe were United Airlines, Japan Air Lines, Cathay Pacific, Lufthansa, KLM/Air France, Cargolux, British Airways, Asiana and Korean.

At the start of the investigation in February, all-cargo carrier CargoLux, Polar Air Cargo and integrator UPS had been contacted.

The price fixing investigation centers on surcharges for fuel and security.

See:

Air Cargo Price Fixing Probe Mounted

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