'Collusive' freight firms fined almost $10m

Mondiale has settled with the regulator for price fixing. (Image: Google)

Fri, 17 Jun 2022

Freight forwarders Mondiale Freight and Oceanbridge and four of their directors have copped fines of $9.7 million for cartel activity.High court Justice Edwin Wylie handed the penalties down on June 10, after the Commerce Commission filed proceedings last December against the firms – two of the country's biggest freight forwarders – citing collusion and cartel arrangements. The commission said these arrangements occurred over several years leading up to the pandemic.The judge agreed, handing down a $4.9m fine to Mondiale a...

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