Shipping ex-execs plead guilty in Jones Act antitrust case

Four former U.S. shipping company executives have agreed to plead guilty and serve jail sentences for their roles in what the U.S. Department of Justice describes as "a wide-ranging conspiracy to rig bids, fix prices and allocate market shares for customers transporting goods between the continental United States and Puerto Rico by ocean vesse." The Department also announced that a fifth shipping executive has agreed to plead guilty to destroying evidence of the shipping conspiracy.