It appears March is turn-back-the-clock month in the European air cargo industry. Just a week after a European Union court today reversed an earlier decision preventing UPS from purchasing TNT Airways in 2013 on antitrust grounds, the European Commission (EC) has reversed a December 2015 decision by the General CourtRead More
Post Tagged with: "price-fixing"
This may have been a stagnant year for cargo carriers, but at least nine of them may soon get a hefty Christmas present from the European General Court. In a rather surprising reversal, the court ruled against the European Commission on Wednesday, annulling nearly €800 million in fines that hadRead More
The saga of the alleged air cargo price-fixing cartel that stretches back to 2006 has reached one more milestone, as Cathay Pacific Airlines reached a US$4.5 million settlement in the civil antitrust class action brought against it and other airlines in Canada. “Cathay Pacific does not admit any unlawful conduct,Read More
The long running “air cargo cartel” case filed last December in the United States by logistics firm DB Schenker has narrowed considerably. The firm’s parent company, railroad conglomerate Deutsche Bahn AG, said that Schenker was dismissing charges against the carriers Nippon Cargo, SAS and Cargolux. The company added that itRead More
With an additional recent partial settlement with China Airlines, Ltd. of US$90 million (65 million euros), plaintiffs have now recovered more than US$835 million (602 million euros) in settlements to date to compensate victims of a global conspiracy to inflate prices of airfreight shipping services, according to law firm Robins,Read More