Industry-wide international inquiry freight forwarding
12 October 2007 - 12:14 CET
Government authorities visited the offices of CEVA subsidiary EGL, Inc. in Houston and London on 10 October as part of what appears to be an inquiry into alleged anticompetitive practices within the freight forwarding business. The officials did not reveal the scope or intent of their inquiry, but the company understands that a number of air transportation and freight forwarding companies in other parts of the world received similar visits or have been requested to provide information.EGL adheres to a strict code of ethical conduct that prohibits anti-competitive behavior of any kind, and the company intends to cooperate with the governmental inquiry. The company takes this matter very seriously and shall continue providing its high standard of service to its customers.
