The Canadian Press - ONLINE EDITION

French authorities investigating delivery companies; FedEx, TNT, Royal Mail may face fines

  • Print

PARIS - Three of the world's leading package delivery businesses are being investigated by France's competition watchdog, and may face fines.

U.S.-based FedEx Corp., TNT Express NV from the Netherlands and Britain's Royal Mail PLC are all under investigation for unidentified malpractices.

Yannick Le Dorze of the French Competition Authority said Wednesday that an investigation is underway, but would not name the companies targeted or say what they are suspected of doing. He said it could take months before the probe is concluded.

FedEx, TNT Express and Royal Mail said in statements they could suffer "material" losses after receiving a notice from the French authority alleging breaches of anti-trust rules. The three companies all said they were co-operating with the competition authority.

The French authority, whose investigations can last years, notably sanctions companies for price-fixing and cartel activity.

FedEx said it received a notice June 30 about an investigation into "anticompetitive behaviour that is alleged to have occurred primarily in the framework of trade association meetings" involving general managers of Tatex, which it bought in 2012.

In a statement Wednesday, FedEx "expressed concerns that an investigation involving a company it acquired is being conducted," and said the probe involves a period predating its purchase of Tatex.

Shares in Royal Mail and TNT dropped when European markets opened Wednesday on news of the probe, then rallied.

Royal Mail shares were down 1.1 per cent at 483 pence in early afternoon London trading Wednesday. TNT shares fell 1.3 per cent to 6.39 euros.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Mayoral campaign roundup for September 2

View more like this

Photo Store Gallery

  • A Canada goose protects her nest full of eggs Monday on campus at the University of Manitoba- Standup photo- Apr 30, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A pelican comes in for a landing Wednesday afternoon on the Red River at Lockport, Manitoba - Standup photo- June 27, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What do you think of the new school-zone speed limit?

View Results

View Related Story

Ads by Google