Pricing Agreements in Austria's Transport Industry

Politics ♦ Published: January 21, 2011; 00:36 ♦ (Vindobona)

The Austrian Federal Competition Authority has ncovered two shipping cartels involving several well-known carriers.

Pricing Agreements in Austria's Transport Industry / Picture: © Vindobona.org

The Federal Competition Authority (BWB, Bundeswettbehörde) had already had solid grounds to suspect the existence of two cartels in the Austrian transportation sector for several months. Already in February 2010, the BWB initiated a primary investigation. Thanks to a key witness, the agreements were revealed: "The confessions confirm the investigations of the Federal Competition…