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FDX FedEx Corp

260.60
-0.05 (-0.02%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
FedEx Corp NYSE:FDX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.02% 260.60 263.00 260.17 262.84 929,526 00:54:32

India Sets Collusion Probe of DHL, FedEx, UPS, Reuters Reports

05/01/2024 1:24pm

Dow Jones News


FedEx (NYSE:FDX)
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--India's antitrust body is investigating the domestic units of global delivery companies such as Germany's DHL and U.S.-based United Parcel Service and FedEx for alleged collusion on discounts and tariffs, Reuters reports.

--Following a complaint by the Federation of Indian Publishers, the Competition Commission of India has begun reviewing hundreds of thousands of emails as it investigates the fees companies charged for airport services, Reuters reports, citing government documents and three sources.

--FedEx denied the accusations in the complaint but said it was cooperating with the probe, while DHL and UPS also said they were cooperating, according to the report.

 

Full story: https://www.reuters.com/sustainability/india-probes-dhl-fedex-ups-alleged-antitrust-practices-price-collusion-2024-01-05/

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 05, 2024 08:09 ET (13:09 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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