Freight Forwarder Company to Plead Guilty to Price-Fixing Scheme

Dip Shipping Company, a New Orleans-based freight forwarder, agreed to plead guilty to antitrust violation allegations as part of a plea agreement, the Department of Justice said in a Sept. 17 news release. "Dip Shipping is the first company to be charged and to agree to plead guilty in the Justice Department’s ongoing investigation in the freight forwarding industry," the DOJ said. The company will pay a criminal fine of about $488,000. Some company executives had already pleaded guilty to the price fixing after being charged last year (see 1807050035), the DOJ said. Roberto Dip and Jason Handal were sentenced to prison terms in June.