Saturday 19th Aug 2017 - Logistics & Supply Chain

Kuehne + Nagel settles US anti-trust action

Kuehne + Nagel has agreed to pay $28m as part of an agreement to settle a US class action lawsuit alleging anti-competitive practices in relation to certain surcharges for freight forwarding services. The settlement is subject to US court approval.

Karl Gernandt, chairman of Kuehne + Nagel International, said: “With this settlement we will be able to finally conclude the painful litigation in the United States related to past anti-trust allegations – already in November 2011 the respective United States District Court approved the plea agreement between Kuehne + Nagel and the US Department of Justice.”

Get Weekly Logistics & Supply Chain News
Get Weekly Logistics & Supply Chain News
Thank you for your subscription