Chinese execs, shipping container companies accused of price fixing during pandemic
Seven Chinese executives and four shipping container companies have been charged with price fixing during the pandemic. The Justice Department claims these actions significantly inflated shipping container prices, impacting global commerce. The case highlights ongoing investigations related to COVID-19 and its economic repercussions.
- ▪Seven Chinese executives and four shipping container manufacturers were criminally charged in an antitrust case.
- ▪The indictment alleges that they engaged in illegal price fixing during the pandemic.
- ▪The actions of the defendants reportedly raised shipping container prices and affected global commerce worth approximately $35 billion.
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Politics U.S. accuses Chinese execs, shipping container companies of price fixing during pandemic By Sarah N. Lynch Sarah N. Lynch Senior Justice Department Reporter Sarah N. Lynch is the senior Justice Department reporter for CBS News, based in Washington, D.C. Read Full Bio Sarah N. Lynch May 19, 2026 / 4:38 PM EDT / CBS News Add CBS News on Google Seven Chinese executives and four of the largest shipping container manufacturers were criminally charged in an antitrust case alleging they engaged in illegal price fixing during the pandemic six years ago, federal prosecutors announced on Tuesday.The indictment, which was first reported by CBS News, marks the latest in a series of investigations by the Justice Department related to the COVID-19 pandemic, a topic that has long been of…
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