Much of Cargo Industry Under Investigation for Anti-Competitive Behavior
AWST STORY: "Last week, officials raided offices of many airlines in Frankfurt, Chicago, San Francisco, New York, Seoul and other cities. In some cases, computers were confiscated as evidence. Investigators requested information from several more carriers without searching facilities. While the investigation's primary focus is in Europe, authorities in Asia and the U.S. cooperated, too, with the European Commission and the U.S. Department of Justice understood to be the driving forces. [AWST]
'The commission has reason to believe that the companies concerned may have violated' antitrust laws, the EC says in a statement. A spokesperson for the Justice Dept. confirms that 'the antitrust division is investigating the possibility of anti-competitive practices in the air cargo industry.'"
'The commission has reason to believe that the companies concerned may have violated' antitrust laws, the EC says in a statement. A spokesperson for the Justice Dept. confirms that 'the antitrust division is investigating the possibility of anti-competitive practices in the air cargo industry.'"
posted by K.T. at 4:10 PM
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