US shipping bill to eliminate cartels

29 Sep 2010

Source:  Supply Chain Digital
The US Freight Transport Association has welcomed the introduction of European-style, anti-trust legislation designed to eliminate cartel activity. The Bill was tabled by Congressmen Oberstar and Cummings on 23 September, and should abolish cartel activity, including price fixing, liner conferences and discussion agreements in U.S. liner shipping markets. It has been said that the Bill marks a significant step in a process that the U.S. National Industrial Transportation League and the Freight Transport Association initiated in 1992.

FTA’s General Manager of Global and European Affairs, Chris Welsh, said: “Make no mistake, these legislative steps represent an historic landmark in the abolition of the sorts of unacceptable cartel activity that have plagued shippers around the world and caused such disruption to the global supply chain.”

Read more here