February 15, 2006
Antitrust Probe of Air Cargo Price-fixing Conspiracy
US and EU antitrust authorities raided several air cargo facilities in the US, Europe, and Asia to uncover information on an alleged conspiracy among air cargo companies to fix global prices. The dramatic raid is the first example of US-EU coordination on such a massive scale and resulted from whistle blowing by someone within one of the companies. The International Herald Tribune offers detailed coverage as does Reuters.