Transport

'Collusive' freight firms fined almost $10m

Brent Melville
Fri, 17 Jun 2022

'Collusive' freight firms fined almost $10m

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

Brent Melville
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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy

More work on Onslow gets green light from ministers

Ian Llewellyn | Thu, 07 Jul 2022

Cabinet gives green light to more Onslow pumped hydro project, narrows down alternative options on solving the dry year problem.

Finance

Homebuyers: the bank is still watching your spending

Frances Cook | Thu, 07 Jul 2022

The sillier parts of the CCCFA are gone, but banks still need to make sure you can afford a loan, so they’re going to go through your income and expenses.

Law & Regulation

Lego, Zuru to head to trial over use of trademark

Ben Moore | Thu, 07 Jul 2022

The two toy titans have clashed over Zuru’s use of the Lego trademark on statements of compatibility on its packaging.

'Collusive' freight firms fined almost $10m

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team