Japanese freight forwarders to be handed huge fines

JAPAN’S Fair Trade Commission (FTC) has warned 10 Japanese freight-forwarding companies that it will fine them approximately ¥10 billion (US$107 million).

The companies are alleged to have operated a fuel-surcharge and airport-security price-fixing cartel between 2004 and 2007 after negotiating the arrangements during meetings at the Japan Aircargo Forwarders Association. The cartel was dissolved only after European and US authorities began to investigate in 2007. The FTC has been investigating the allegations since last year.

Three of the companies – Nippon Express, Kintetsu World Express and Yusen Air & Sea Service – held a combined share of nearly 50 per cent of the domestic forwarding market.

Share this story

Related Topics

Latest news

Leipzig/Halle expects another busy year for cargo after a record 2020

By Damian Brett

Leipzig/Halle Airport handled record air cargo volumes last year and it is expecting further growth in 2021. The German airport…

Read More

Share this story

Cargo demand at Schiphol dips as passenger services take a hit

By Rachelle Harry

Amsterdam Schiphol Airport saw cargo volumes decline in 2020, as passenger services worldwide — and bellyhold capacity — were impacted…

Read More

Share this story

Air France-KLM extends contract with Swissport in Saudi Arabia

By Rachelle Harry

Air France-KLM Group has extended its contract with ground handler Swissport for its operations in Saudi Arabia. As a result…

Read More

Share this story