UPS in EU price-fixing probe

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 11, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS in EU price-fixing probe - Straits Times
    United Parcel Service Inc, the world's largest package-delivery service, said on Wednesday it has been contacted by the European Commission, which is probing price fixing in the shipping business.

    'We received on Feb 9 a statement of objections from the European Union containing the commission's preliminary view with respect to what they allege is anti-competitive behavior in the freight-forwarding industry,' Norman Black, a spokesman for the Atlanta-based company said in an emailed statement.

    'We intend to vigorously defend ourselves in this proceeding against any allegations of wrong-doing involving UPS.'