Scania Group has made a SEK 3.8bn (£334m) provision in relation to the European Commission’s (EC’s) truck cartel investigation, but contests the EC’s view that it was involved in price-fixing. The manufacturer said in a statement: “Scania has fully cooperated with the European Commission during the investigation. However, Scania contests the commission’s view that the company has entered into a pan-European agreement with other manufacturers with regard to pricing. “Also, the company has not delayed the introduction of new engines […]
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]
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.
The head of road freight and transport policy at the FTA has predicted a hectic final year ahead for Driver CPC, but believes the industry can ultimately meet the challenge.