DB Schenker gains allies in cartel damages claim

German railway Deutsche Bahn (DB) has confirmed French news agency reports that it has been joined by several unnamed corporations in its billion dollar lawsuit for damages against member airlines of an illegal air cargo cartel.
A spokesman for DB said: "I can confirm this report from AFP. Due to confidentiality issues, I’m not able to name the companies, that join our claim."
DB Schenker, the global logistics arm of DB, is seeking estimated damages of $2.5bn after filing lawsuits last month (December) in the US and Germany against airlines involved in a global air cargo cartel between 1999 and 2006.
But three of the seven airlines named in the US price-fixing lawsuit by DB Schenker have filed motions to dismiss the action.
They argued that the German-based forwarder had been ‘forum shopping’ – choosing the jurisdiction in which any damages payable were likely to be higher.
Did you find this article of interest, if so why not register for a FREE digital subscription to Air Cargo News? – Find out more

Share this story

Related Topics

Latest airfreight rates news

Etihad Cargo sees revenues decline in 2023 as market rates cooled

Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the…

Read More

Share this story

Airfreight rates on major trades remain down on 2023 levels in February

Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing…

Read More

Share this story

Awery reports Red Sea-related rates rise

There are conflicting opinions about the extent to which the Red Sea shipping crisis is impacting airfreight, but airfreight rates…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.