Polar Air Cargo, a subsidiary of Atlas Air Worldwide Holdings, said Thursday it reached an agreement with the US Dept. of Justice to plead guilty to antitrust violations related to cargo pricing and pay a $17.4 million fine in installments over five years. Polar becomes the 17th carrier to have pleaded guilty or have agreed to plead guilty in the DOJ's ongoing investigation into air cargo price fixing (ATW Daily News, Aug. 3). "The agreement is related to shipments from the ...

Subscribe to Access this Entire Article

"Polar Air Cargo to plead guilty to cargo price fixing" 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.