Park Logisitics - Creating Supply Chain Solutions

Park Logistics - Creating supply Chain Solutions

Creating Supply Chain Solutions
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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.”

Article source: http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=19207