UPS to pay $8.4 million to resolve U.S. overcharging probe

FILE PHOTO: The emblem of United Parcel Service is seen on the new package deal sorting and supply UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018. REUTERS/Charles Platiau/File Photograph

WASHINGTON (Reuters) – The U.S. Justice Division stated United Parcel Service Inc (UPS.N) has agreed to pay the US $8.four million to resolve allegations it overcharged federal companies for package deal supply companies.

The settlement resolves allegations that from 2007 to 2014, UPS didn’t observe its U.S. contract that required UPS to supply companies with sure decrease costs supplied to a different buyer, ensuing within the authorities paying greater than it ought to have for package deal deliveries, the federal government stated.

The Justice Division stated there was no dedication of legal responsibility within the settlement that covers floor supply service.

Reporting by David Shepardson; Enhancing by Chris Reese

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