US Accuses Major Chinese Container Manufacturers of Price-Fixing Cartel
The U.S. Department of Justice is being urged to investigate three of China's largest container manufacturers for alleged price-fixing. The companies, CIMC, Dong Fang International, and CXIC Group, are accused of coordinating on price increases and production cuts. This alleged collusion is believed to have contributed significantly to the global container shortage and record-high shipping rates. The complaint, filed by the Harbor Trucking Association, claims these manufacturers control over 80% of the global market. The actions have severely disrupted global supply chains and inflated costs for consumers and businesses alike.
Official Source: https://theloadstar.com/us-accuses-major-chinese-container-manufacturers-of-price-fixing/
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