Box lines in legal battle with South Korea’s antitrust body over fines
More than 20 liner operators look set for a protracted legal battle with the Korea ...
If it wasn’t enough that the trucking industry has had to deal with driver shortages and soaring fuel costs – until six months ago anyway – comes the news that the leading truck manufacturers are under investigation by the EC for alleged price-fixing. It’s a very complex case, but according to new competition commissioner Margrethe Vestage, if proved to be correct, there will be little room for the manufacturers to reach settlements. And Volvo and Daimler have already warned shareholders that some swingeing fines may be o the way – companies can be fined up to 10% of corporate profits for co-ordinating on pricing.
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Alex Lennane
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During August 2023, please contact
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