buy-it-direct

Retailer calls for probe into shipping ‘cartel’

The boss of a UK online retailer is calling for the Competition and Markets Authority to investigate the ‘cartel’ operated by container shipping lines. Nick Glynne, chief executive of online retailer of Buy it Direct Group, says that the cost of shipping large items internationally has increased sevenfold in a year, contributing to the recently reported sharp jump in inflation and making further price increases and product scarcity inevitable.Nick Glynne, ... [+]