Truck manufacturers have responded to the combined €2.9bn (£2.5bn) fine they were issued by the European Commission (EC) yesterday (19 July). Five manufacturers were hit with the largest fine the EC has ever imposed for a cartel after it found that they had colluded for 14 years on truck prices and the timing of, and passing on the costs of, the introduction of emissions technology. Mercedes-Benz parent Daimler, which was hit with a €1bn fine, said it regretted what had […]
The European Commission (EC) believes “substantial remedies are needed” before the proposed takeover of TNT Express by UPS can be cleared. In a merger review speech made on Friday (2 November), Joaquín Almunia, EC vice-president responsible for competition, said that “serious competition concerns would arise” if it went ahead without revisions. Last month the EC revealed that approval would only come if the resulting company would be challenged enough by other parcel firms. TNT Express and UPS have since received […]
Knights of Old has fitted eight new MAN TGLs with additional nearside windows to improve drivers’ vision on the road.
A price-fixing compensation action has attracted more than 2,000 hauliers since it went live in June of this year, the RHA said today.