Yamato to pay U.S. fine for fee-fixing

Kyodo

Yamato Global Logistics Japan Co. has pleaded guilty and agreed to pay a criminal fine of about $2.3 million for its involvement in fixing some fees related to air cargo from Japan to the United States, the U.S. Justice Department said Wednesday.

Yamato engaged in a conspiracy with other shippers to fix and impose some freight forwarding service fees from September 2002 to November 2007 in violation of U.S. antitrust laws, according to the department. Fourteen companies have agreed to pay more than $100 million in fines.

They include Yamato Global Logistics within the Yamato Holdings Co. group, and two other Japanese companies — Nippon Express Co. and Nishi-Nippon Railroad Co.