Anti-trust commission swoops on Panalpina offices

10/11/2007 10:17:13 AM

Swiss investigators searched Panalpina’s Basel premises as part of an on-going probe into anti-competitive practices in the forwarding industry. The Swiss Federal Competition Commission (Weko) conducted the search in Basel while US anti-trust authorities led a similar investigation at the companies American headquarters. In a statement issued after the search, Panalpina said: “The investigation of Weko is aimed at the Association of Swiss Forwarders (Spedlogswiss) and several forwarding companies, among them Panalpina. “Panalpina is at this stage not aware of any violations of anti-trust regulations and is cooperating with the authorities.” Cargonews Asia

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