Get unlimited digital access to $0.99 for 4 weeks.


Antitrust Issues
Third company pleads guilty in price-fixing conspiracy at Baltimore port

A Tokyo-based shipping line has been ordered to pay a $59.4 million fine for conspiring with other ocean carriers to fix prices and rig bids for automobile shipments in and out of Baltimore and other U.S. ports, federal law enforcement officials said Monday. Nippon Yusen Kabushiki Kaisha, or NYK Line, is the third company to plead guilty to participating in the conspiracy amid a continuing antitrust investigation by the Justice Department. "This is another step in the effort to restore competition in the ocean shipping industry to the benefit of U.S. consumers," Bill Baer, assistant attorney general in charge of the Justice Department's antitrust division, said in a...