Biden calls for ocean shipping reforms
Despite port congestion in 2021, Ocean carriers made huge profits that are estimated to drive up consumer prices by 1 percent this year, said the White House on Monday. "The president is calling on Congress to pass robust reforms to the ocean shipping industry, including reforms that address the current antitrust immunity for ocean shipping alliances."
Pilgrim’s Pride pleads guilty to price-fixing in chicken
The second-largest U.S. poultry processor, Pilgrim's Pride, pleaded guilty in federal court in Denver to conspiring to fix prices of broiler meat and was sentenced to pay a criminal fine of $108 million, said the Justice Department on Tuesday. Pilgrim's was the first company to settle charges in an alleged conspiracy that involved 10 officials from five processors.
Dairy Farmers of America wins bid for Dean Foods
The milk cooperative Dairy Farmers of America has entered into an agreement to buy most of milk processor Dean Foods’ assets as part of the latter’s bankruptcy proceedings. If approved, the $433 million deal will make DFA both the largest milk supplier and the largest milk processor in the country.
Judge will give DOJ more time to build case in poultry price-fixing suit
The District Court judge overseeing a massive price-fixing lawsuit against chicken companies said on Wednesday that he would extend a stay of discovery in that case to make way for a criminal investigation by the Department of Justice.