The Road Haulage Association (RHA) is planning to seek compensation for UK hauliers hit by price rises resulting from an illegal cartel.
Five major truck manufacturers – MAN, Volvo Group, which includes Volvo Trucks and Renault Trucks, Daimler, Iveco and Daf – were fined a record €2.9bn by the European Commission (EC) after they were found to have they coordinated truck pricing.
The RHA is applying to become the representative association seeking compensation at the UK Competition Appeal Tribunal (CAT).
RHA chief executive Richard Burnett said: “This will be a long drawn out process and it is important to stress that hauliers will not get an immediate payout; indeed there is no guarantee of any payout at all.
“However, it would appear that based on the high level of evidence already received that the prospects for compensation look encouraging.”
He warned that it could take a year for the RHA to be granted representative status and it could take a further two years to obtain compensation.
The five manufacturers were found to have colluded on passing on the costs of compliance with emissions rules in the late 90s and early 2000s.
As the company that alerted the EC to the cartel, MAN escaped a fine. Daf, Daimler, Iveco and Volvo Group received reduced fines for cooperation whereas Scania remains under investigation.
The RHA said it wanted to discover how many hauliers would be interested in claiming compensation, while it would not profit from any action.
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