EU court upholds €169m antitrust fines for multinational forwarders

The EU General Court has ruled that freight forwarders fined €169m for participating in cartels must pay, writes LLL.com. The forwarders, including Kuehne + Nagel, Panalpina and Schenker, had appealed for an annulment or reduction in the fine, but the court upheld the original decision. However, UTi Worldwide saw its fine reduced from €3.07m to €2.97m. The EC held that the anti-competitive conduct of the companies, which agreed on the fixing of various pricing mechanisms and surcharges, gave rise to four distinct cartels between 2002 and 2007.