Five car carrier operators have been rapped by authorities in Mexico for colluding to fix prices, the latest in a worldwide clampdown that has seen car carriers hit with many fines in recent years.
Mexico’s antitrust agency COFECE said it fined the five companies a total of $32m for their price fixing activities between 2009 and 2015.
“This reduced the competitive pressure and increased the costs of services provided to companies in the automotive sector,” the agency said in a statement.
The shipping companies fined by the agency were: Compañía Sud Americana de Vapores (CSAV), Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL), Nippon Yusen Kaisha (NYK) and Wallenius Wilhlmsen Logistics (WWL).
These carriers continue to get fined and no officers from those companies go to jail. In the mean time they have bilked millions from the customer’s