English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

DB Schenker settles with three airlines

NCA-747-8F K65719PRESS RELEASE

March 02, 2015: Deutsche Bahn (DB) AG, the German railway company, today issued the following statement in connection with a Wall Street Journal report about the air cargo cartel litigation brought by its logistics subsidiary, Schenker AG:

"Deutsche Bahn can confirm that its logistics subsidiary, Schenker AG, has dismissed its claims against Nippon Cargo, SAS and Cargolux in the air cargo cartel lawsuit brought in the Eastern District of New York. Schenker will continue to pursue its claims against other air carriers and seek damages relating to the air carriers' anticompetitive conduct alleged in the U.S. cartel lawsuit, based on the legal principle of joint and several liability. Schenker plans to pursue its rights vigorously."

Air cargo carriers that had been found guilty by the U.S. Department of Justice, the European Commission and other international authorities of operating a global price-fixing cartel face damages of approximately $3.7 billion in the U.S. lawsuit and in lawsuits brought by Deutsche Bahn and other companies in Germany. In the U.S., Schenker is seeking damages estimated at approximately $370 million, and that number could increase to an estimated $1.1 billion if the court awards treble damages in the case.

DB Group offers global mobility and logistics services and operates in more than 130 countries world-wide. Every day more than 300,000 employees are committed to ensuring that customers are provided with mobility and logistics services and that the related rail, road, ocean and air traffic networks are operated and controlled efficiently.

More News

Written on 22/10/2017, 19:17
aramex-to-electrify-the-middle-eastDUBAI: October 22, 2017. Aramex has acquired 10 more electric delivery vehicles in Amman as part of a CO2 emissions reduction plan to convert its entire...
Written on 19/10/2017, 16:33
kerr-to-leave-etihad-cargoABU DHABI, October 19, 2017. Etihad Cargo senior vice president David Kerr is to leave the organization at the end of 2017. The airline said his successor...
Written on 18/10/2017, 18:56
kn-profits-from-eurasia-rail-linksHAMBURG: October 17, 2017. Six months after its launch, Kuehne + Nagel (KN) has added points in northern China, Japan and South Korea to its Eurasia...
Written on 17/10/2017, 21:07
bbc-chartering-and-jumbo-create-project-cargo-allianceLEER, Germany/ SCHIEDAM, Netherlands: October 17, 2017. Heavylift and project cargo ocean carriers BBC Chartering and Jumbo have agreed to collaborate in...
Written on 17/10/2017, 15:53
compressors-support-turkmenistan-gas-for-chinaCALGARY: October 17, 2017. Bolloré Logistics China has chartered four AN-124-100 flights to ship compressor skids from Calgary, Canada to the vast...
Written on 16/10/2017, 19:43
freightweek-news-update-week-42MARIETTA, GA: October 19, 2017. Lockheed Martin has successfully completed the first flight of its LM-100J, the 17th version of its C-130J Super Hercules...
Written on 16/10/2017, 15:47
maserati-makes-an-entrance-at-naritaMODENA: October 16, 2017. Maserati chartered an Air Bridge Cargo Airlines 747-400 freighter for the Japan launch of its MY18 Maserati GranTurismo and...
Written on 13/10/2017, 18:36
apl-adds-to-guaranteed-service-suiteSINGAPORE: October 09, 2017. APL has renamed its two guaranteed service offerings 'Eagle Guaranteed' and added 'Eagle Go' to the suite with a guarantee of...
Written on 13/10/2017, 16:59
dp-world-to-expand-in-dominican-republicDUBAI: October 12, 2017. DP World is planning to expand its US$400 million Caucedo port operations in the Dominican Republic with a new 400-meter berth...
Written on 12/10/2017, 19:48
hawaii-to-meet-the-maxDALLAS: October 12, 2017. With 44 consecutive years of profitability, Southwest Airlines has announced it will begin service to Hawaii from the U.S....
Written on 12/10/2017, 18:43
skyteam-members-look-towards-joint-ventureGUANGZHOU/AMSTERDAM: October 12, 2017. China Southern Cargo and Air France KLM Martinair Cargo have taken the first step towards a joint venture with the...
Written on 12/10/2017, 16:17
turkish-airlines-outperforms-marketISTANBUL: October 12, 2017. Turkish Airlines reported a 25 percent year-on-year increase in air cargo carried to over 97,000 tons in September as traffic...
Written on 10/10/2017, 16:47
cargolux-signs-cargo-codeshare-with-emiratesDUBAI/LUXEMBOURG: October 10, 2017. Cargolux and Emirates SkyCargo have signed a cargo codeshare agreement for passenger and freighter services. Both...
Written on 10/10/2017, 15:24
freightweek-news-update-week-41PITTSBURGH, PA: October 15, 2017. A Qatar Airways Cargo Boeing 777 freighter arrived at Pittsburgh International Airport last Thursday as the airline's...
Written on 06/10/2017, 21:28
miami-and-iata-agree-air-cargo-outlook-remains-strongGENEVA: October 04, 2017. IATA reports a 12.1 percent year-on-year increase in freight tonne kilometers (FTKs) in August for its members, the fifth time...
Written on 06/10/2017, 17:05
more-flying-fish-from-emirates-sky-cargoCOLOMBO: October 03, 2017. Emirates Sky Cargo says Sri Lanka fish exports have been booming in the past 12 months following the lifting of European...
Written on 05/10/2017, 21:25
wal-mart-to-provide-a-new-parcel-serviceBENTONVILLE, AK: October 03 2017. Walmart has acquired Parcel, a technology-based, 24/7 service that uses routing algorithms to deliver perishable and...
Written on 05/10/2017, 20:44
french-fruit-exporter-acquires-danish-reefersTINGLEY, Denmark: October 03, 2017. British-registered Africa Express Line Ltd (AEL) has acquired 500 Star Cool integrated containers from Maersk...
Written on 05/10/2017, 19:36
qatar-cargo-adds-helsinki-as-finnish-pharma-industry-expandsDOHA: October 03, 2017. Qatar Airways Cargo has added Helsinki as its 74th pharma destination following the addition of Dublin in June this year. Chief...
Written on 05/10/2017, 16:53
volga-dnepr-returns-landshut-to-germanyFRIEDERICHSHAFEN, Germany. October 05, 2017. A former Lufthansa B737-200 aircraft, hijacked in 1977 by a faction of the Popular Front for the Liberation...

- powered by Quickchilli.com -