EC reinstates cargo cartel fine

The European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed a fine totaling €776,465,000 for operating a price–fixing cartel. The Commission’s original decision was annulled by the General Court on procedural grounds. Commissioner Margrethe Vestager, in charge of competition policy, said: “Millions of businesses depend on air cargo services, which carry more than 20% of all EU imports and nearly 30% of EU exports. Working together in a cartel rather than competing to offer better services to customers does not fly with the Commission. Today’s decision ensures that companies that were part of the air