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UPS UPS CDR

16.40
0.38 (2.37%)
20 Dec 2024 - Closed
Realtime Data
Name Symbol Market Type
UPS CDR NEO:UPS NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.38 2.37% 16.40 15.90 17.46 16.44 15.95 16.20 7,047 22:30:01

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

05/01/2024 1:24pm

Dow Jones News


UPS CDR (NEO:UPS)
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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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