Japanese forwarders fined $18.9 million

Monday, March 11, 2013

Japanese freight forwarding companies "K" Line Logistics and Yusen Logistics have pleaded guilty to price-fixing and have agreed to pay a total of $18.9 million in fines, according to the U.S. Justice Department. "K" Line Logistics will pay $3.5 million, while Yunsen's fine is $15.42 million. The two Japanese firms bring the total number of forwarders that have pleaded guilty to price-fixing to 16. The group has been charged a total of $120 million. These fines pale in...

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