Express delivery companies investigated for price collusion
September 30, 2014 Category Express delivery, Logistics
Six domestic express delivery companies are being investigated for alleged collusion after they raised their rates simultaneously in Chongqing. The six companies held several meetings earlier this year to discuss an increase and decided to raise their rates simultaneously on August 1. Delivery companies involved in this case include the Chongqing branches of YTO Express Co, ZTO Express Co, Yunda Express Co and TTKD Express Co. Because of the size of these companies, their action amounts to a pact to control market rates and violates China’s price law. The Chongqing Price Bureau has ordered the six companies to stop charging the higher rates or face fines and other administrative action. YTO Express said that the increase was imposed independently by its franchisee in Chongqing and the corporate headquarters in Shanghai was not aware of the move until the Chongqing authorities acted. Zhang Qizuo, Professor at Chengdu University specializing in the service sector, said it is hard for express companies to get orders in China’s southwestern logistics market, where consumers usually call the cheapest company to deliver their packages or documents.
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