FedEx, UPS subpoenaed in US cargo probe
FedEx Corp. and United Parcel Service Inc. said on Friday they received grand jury subpoenas as part of a global probe by the U.S. government into possible criminal violations of antitrust laws in the air cargo transportation industry.
The U.S. package delivery companies said they do not believe they are targets of the investigation, which has drawn in Air France-KLM, British Airways Plc, Deutsche Lufthansa AG, Scandinavian airline SAS, Luxembourg-based Cargolux Airlines International and Air Canada’s parent, ACE Aviation Holdings Inc.
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