Justice Department sues freight companies for overcharging government

News ID: 

181215143
The Department of Justice filed charges YRC Freight, Roadway Express, and Yellow Transportation, alleging the companies systematically overcharged the government for freight carrier services and made false statements to the government that hid their misconduct.
Justice Department sues freight companies for overcharging government-Forwardernews

The government alleges the firms defrauded the Department of Defense by millions of dollars for shipments that were actually lighter, and thus cheaper than the weights for which the defendants charged the government. YRC Worldwide said the government's claims are "totally without merit" as it also said Defense Department business represents less than 1% of YRC Freight revenue. YRC Worldwide YRCW, -28.44% shares slumped over 20% on Friday.

Author: 

Steve Goldstein

Source: 

MarketWatch

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