AP News

Japanese company agrees to enter guilty plea


WASHINGTON (AP) — The Justice Department says a Japanese company is the latest to agree to plead guilty in a probe of price-fixing in the freight forwarding industry.

Yamato Global Logistics Japan Co. Ltd. also has agreed to pay a $2.3 million criminal fine in the investigation.

To date, 14 companies have either pleaded guilty or agreed to plead guilty and to pay more than $100 million in criminal fines.

The investigation involves fees on freight forwarding services for cargo shipped by air from Japan to the U.S. over a five-year span ending in 2007.


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