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

--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)

FedEx (NYSE:FDX)
Historical Stock Chart
From Mar 2024 to Apr 2024