Thursday, September 20, 2012
Japanese logistics firm pleads guilty to price fixing charge
A Japanese company is pleading guilty in an investigation of price-fixing in the freight forwarding industry, according to the U.S. Justice Department.
Japan's Yamato Global Logistics will pay a $2.3 million criminal fine.
So far 14 companies have either pleaded guilty or have made an agreement to plead guilty and to pay more than $100 million in criminal fines.
The probe focuses on fees on freight forwarding services for goods shipped by plane from Japan to the U.S. over a five-year period ending in 2007.
For more of the Austin American story: statesman.com
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