Transportation Industry
Sirva Pays $1 Million Fine To Settle Antitrust Case
Transport Topics, March, 2006 by Guido, Daniel W
Household goods mover Sirva Inc., Westmont, Ill., said its Allied Freight Forwarding unit pleaded guilty to two counts of antitrust violations and paid a fine of $1.04 million as part of an agreement with the U.S. Department of Justice.
In a separate statement, Sirva said March 6 it was withdrawing its previously announced earnings guidance.
The global relocation company, which ranks No. 18 on the TRANSPORT TOPICS 100 list of for-hire carriers, said the Justice Department investigation arose "from actions of former employees between April 2000 and October 2001."
Other than its agreement to cooperate in the ongoing investigation into what Justice called a "conspiracy to restrain trade," Sirva spokeswoman Michelle Guswiler told TT that "as far as we are concerned...
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