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Dip Shipping pleads guilty to freight forwarding price-fixing, will pay $488,250 fine

( October 28, 2019, 23:26 GMT | Official Statement) -- MLex Summary: Freight forwarding company Dip Shipping pleaded guilty to fixing prices of its freight forwarding services and will pay a $488,250 criminal fine, according to its plea agreement. The company will pay the fine in varying installments over the next five years. The company's conduct affected at least $6.5 million in commerce, and the company was given a fine below the recommendation under the US Sentencing Guidelines due to its inability to pay more, and based on its cooperation in the ongoing investigation.See document below....

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