Logistics majors get million-dollar fines for price fixing

DHL Express, TNT Express, Denker and a Kuehne & Nagel unit are among 20 companies that have received fines totaling EUR 672.3 million for price fixing in France.

Photo: Deutsche Bahn

A group of 20 logistics and parcel firms have been fined a total USD 740 million (EUR 672.3 million) for several years of price fixing in the French market, reports Bloomberg News citing a ruling from the French competition authority.

These companies include giants such as Fedex, DHL Express, TNT Express, Schenker, Norbert, Geodis, GLS and Alloin, which is owned by Kuehne & Nagel.

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