UPS, FedEx subject of U.S. antitrust inquiry

[Joanne98]

Source: Reuters

United Parcel Service Inc and FedEx Corp are under scrutiny from the U.S. Justice Department over whether they broke antitrust law by trying to shut out bargain-hunting shipping consultants.

The department is focusing on whether the two largest package delivery companies are working to prevent clients from using third-party shipping consultants and negotiators to save money, said Maxwell Blecher, an antitrust attorney representing shipping consultant AFMS Logistics Management.

UPS and FedEx said they were aware of the investigation. The Justice Department declined comment.

Shares of UPS, the world's largest package delivery company, closed down just under one-half a percent at $72.15 while shares of FedEx, the world's largest air cargo company, closed up 0.05 percent at $93.15.



Read more: http://www.reuters.com/article/idUSTRE70653Q20110107

---

YAY!

[bluesmail]

1. This is good news for the Post Office. They've been in competition

ever since Nixon changed the name to USPS. We'll just have to wait and see how this progresses.