Kuehne+Nagel received a €53.7 million EU fine for participating in air-freight forwarding cartels
Company: Kuehne+Nagel International AG
Summary
In March 2012, the European Commission imposed fines on international freight-forwarding companies for participation in four separate cartels affecting air-freight forwarding services. Kuehne+Nagel received fines totaling approximately €53.7 million. The European Commission found that the cartels coordinated surcharges and charging mechanisms affecting prices for freight-forwarding services between 2002 and 2007. Kuehne+Nagel challenged the decision, but the General Court of the European Union dismissed its action concerning the Commission decision in February 2016. Sources / proof: European Commission cartel case COMP/AT.39462 — Freight Forwarding: https://competition-policy.ec.europa.eu/antitrust-and-cartels/cartels-cases-and-statistics_en General Court judgment, Kühne + Nagel International and Others v European Commission: https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:62012TA0254 Kuehne+Nagel company announcement: https://newsroom.kuehne-nagel.com/eu-commission-imposes-fines-in-antitrust-case/