UPS - International Courier Bigwigs Reportedly Under Regulatory Scanner In India For Suspected Tariff Manipulation: Details | Benzinga
India's Competition Commission (CCI) is reportedly conducting an investigation into several major global delivery companies, including Germany's Deutsche Post (DHL) (OTC: DHLGY), United Parcel Service Inc (NYSE: UPS) from the U.S., and FedEx Corp (NYSE: FDX), over accusations of collusion on discounts and tariffs.
The inquiry follows previous international investigations in the logistics industry, including a 2015 case in France where fines totaled $735 million against companies like FedEx and DHL for price collusion, reported Reuters.
The ...