News broke this week about an investigation launched by the United States Justice Department (DOJ) into container shipping companies. The DOJ has ordered top executives to testify in an antitrust investigation, which is exploring whether shipping companies have been price-fixing.
Shipping executives were in San Francisco for a large meeting last week, as members of the International Council of Containership Operators, commonly known as the Box Club. Crashing the meeting, the DOJ issued supoenas to multiple companies in attendence.
Here's what we currently know about the investigations and how it might impact you.