Ocean freight company ECU Line Canada Inc. and two of its executives have pleaded guilty to price fixing. They participated in a cartel that fixed surcharges for the supply of non vessel operating common carrier (NVOCC) export consolidation services from Canada to various foreign destinations between January 1, 2005 and March 6, 2011. NVOCCs arrange the consolidation of less-than-container load shipments into containers, the shipment of these containers by ocean, and the deconsolidation of the containers at the destination.
ECU was fined $1 million. The company's executive vice-president was sentenced to a four month conditional sentence, plus 30 hours of community service, while the vice president was sentenced to a three month conditional sentence, plus 20 hours of community service.
The Bureau's investigation began in December 2009 after the Bureau was made aware of the conspiracy through its Immunity program.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.