Freight Forwarder Pleads Guilty to Price Fixing

An owner of a large freight forwarding company pleaded guilty to an antitrust charge after she fixed prices for international freight forwarding services, the Justice Department said Oct. 24. Francis Alvarez and others fixed prices from 2010 until 2014 for her Houston-based company, which shipped to Honduras, the Justice Department said. The charges constitute a violation of the Sherman Act and Alvarez faces a maximum 10-year prison sentence and a $1 million fine. She has agreed to cooperate with an ongoing investigation of the nationwide price-fixing conspiracy.