expeditors-international-european-commission

Expeditors to accept EU fines ruling

US forwarder Expeditors International said that it would not appeal against the $5.5 million fine imposed by the European Commission last March for its part in a forwarding price cartel. The company was one of a group of 14 international forwarders that allegedly operated four cartels. Expeditors told the US Securities and Exchange Commission that it did not agree with the EC decision, but there was no real possibility of completely ... [+]