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Resource ID: #20444
Subject: Trade
Source: Wall Street Journal (New York)
Affiliation: 
Date: 7-Oct-97

Description

According to the article, "Every two weeks, in an unobtrusive office building here (in Rutherford, N.J.), about 20 shipping-line managers gather for their usual meeting. They sit around a long conference table, exchange small talk over bagels and coffee and then begin discussing what they will charge to move cargo across the Atlantic Ocean. All very routine, except for one detail: They don't work for the same company. Each represents a different shipping line, supposedly competing for business. Under U.S. antitrust law, most people doing this would end up in court."

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