The Justice Department is investigating possible anticompetitive behavior in the time-sensitive parcel market, a department spokeswoman confirmed today.
In its 10-K annual report last month, UPS said the DOJ's antitrust division is investigating its policies and practices for dealing with third-party negotiators.
"We are cooperating with this investigation," UPS said. "We deny any liability with respect to these matters and intend to vigorously defend ourselves."
The investigation follows a lawsuit filed last year by AFMS Logistics Management, a third-party consultant that works with shippers to reduce parcel-shipping costs.
AFMS alleges UPS and FedEx conspired to prevent shippers from using the services of third-party rate negotiators in contract talks, according to published reports.
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