PARCEL express couriers, TNT Express, FedEx and Royal Mail are being investigated in France for suspected anti-competitive behaviour in parcel-delivery dealings and may face substantial fines.
The French regulator, Authroite de la Concurrence, has given the companies a Statement of Objections (SO) since the investigation began in 2010.
Dutch TNT Express said it was co-operating fully with the investigation. "On the basis of preliminary analysis of the SO, it cannot be excluded that TNT Express will be fined," TNT said in a company statement.
FedEx states that the SO regarding a breach of anti-trust laws by the French express provider TATEX was before the US company acquired courier in 2012.
Britain's recently privatised Royal Mail, face allegations that its French subsidiary GLS, agreed that the potential loss was likely but no figure was given, reported American Shipper.
Source : HKSG.