Tuesday 22nd Aug 2017 - Logistics & Supply Chain

US court approves Kuehne + Nagel plea agreement

The United States District Court for the District of Columbia has approved the plea agreement between Kuehne + Nagel International AG and the US Department of Justice previously entered into on 30th September 2010.

Kuehne + Nagel has agreed to pay a fine of some $9.9 million under the plea agreement to resolve allegations that international freight forwarders coordinated their activities with respect to establishing certain surcharges.

Karl Gernandt, Chairman of Kuehne + Nagel International said: “I reconfirm that we continuously develop and reinforce our compliance program to always ensure compliance with the highest available standards. The Court’s approval of the plea agreement today marks the final conclusion of the US anti-trust investigation of Kuehne + Nagel commenced in 2007.”

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