UK regulator delays GXO's Wincanton takeover, due to 'competition concerns'
The UK’s Competition and Markets Authority (CMA), the country’s chief competition regulator, has delayed GXO’s ...
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By Alex Lennane
Here’s a depressing little website from the Office of Inspector General, US Department of Transport. It lists all the sentences doled out to air cargo executives, the latest being George Gonzalez, former CCO of Peru’s Cielos Airlines. He received a split sentence ? five months in prison, five months home monitoring, three years probation, a fine and 100 hours of community service. He pleaded guilty to a one-count charge of price-fixing.
It also lists Cargolux’s Ulrich Ogiermann and Robert Van de ...
Comment on this article
David Harris
May 15, 2012 at 6:34 pmAlex:
One point to note is that the three men (Cabeza, Soto, and Gonzales) charged with price fixing in your “compare and contrast” section were not part of the group charged in the big case. This was a separate case, and had to do with the fixing of prices on emergency shipments following the big hurricanes in the southern US in 2005.
The full text of the indictment is available at http://www.justice.gov/atr/cases/f264600/264690.htm, but the “Description of the Offense” section reads as follows:
“Beginning in or around late September 2005, and continuing through at least November 2005, the exact dates being unknown to the Grand Jury, in the Southern District of Florida, defendants and their co-conspirators entered into and participated in a conspiracy to suppress and eliminate competition by agreeing to impose an increase to their fuel surcharges on air cargo shipped from the United States to locations in South and Central America following Hurricanes Katrina and Rita (“emergency fuel surcharge”).”
Whether the charges and the ultimate sentences were fair in either case is certainly questionable, but the cases _were_ distinct.