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Two Japanese freight companies to pay $18.9 million for price-fixing

Yusen Logistics Co. and “K” Line Logistics Ltd. are the latest in a string of 16 companies that have agreed to plead guilty to fixing fees

Two Japanese freight forwarders have agreed to pay a total of $18.9 million in criminal fines for their role in a price-fixing scheme, according to the Department of Justice (DOJ).

Over the course of at least five years, Yusen Logistics Co. and “K” Line Logistics Ltd. conspired to fix freight forwarding fees, including security fees and fuel surcharges, on air cargo shipments from Japan to the U.S., the DOJ said. The two are just the latest in a string of 16 freight forwarding companies that have agreed to plead guilty to price-fixing and pay criminal fines totaling more than $120 million.

Alanna Byrne

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