FedEx revealed Friday that it received a grand jury subpoena in June relating to a wide-ranging multigovernment probe into possible anticompetitive practices by air cargo carriers.
"We have no reason to believe that we are a target of the investigation, and we are cooperating with the [US Dept. of Justice]," FedEx said in a filing with the US Securities and Exchange Commission.
FedEx revealed Friday that it received a grand jury subpoena in June relating to a wide-ranging multigovernment probe into possible anticompetitive practices by air cargo carriers. "We have no reason to believe that we are a target of the investigation, and we are cooperating with the [US Dept. of Justice]," FedEx said in a filing with the US Securities and Exchange Commission. EU and US authorities launched a major investigation in February into whether airlines carrying cargo colluded ...
Subscribe to Access this Entire Article
"FedEx subpoenaed by DOJ in air cargo surcharge probe" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
