Qantas has reached a settlement, subject to court approval, to resolve its liability under a class action that began in the US in 2006.
The class action was brought against a number of airlines regarding the activities of their freight divisions.
Under the terms of the settlement agreement, Qantas will pay US$265 million, which is based on the airline's freight revenue to/from the US Qantas must also cooperate with the class action plaintiffs.
In exchange, Qantas is released from claims made by all class members who were direct purchasers of air cargo services to or from the US between January 2000 and September 11th, 2006.
To date, the following airlines have reached settlement agreements:
Separately from the US class action settlement, Qantas continues to cooperate fully with global antitrust regulators and has resolved its liability (and that of its current employees) in the US, Australia, Canada, Korea and Europe for the improper conduct of its freight division.
A conversation with Chuck Moyer, Board Member, Customized Logistics and Delivery Association and CEO, Express Courier, Inc. (an LSO company) operating a fleet of over 2,000 vehicles and 55 facilities.
Mick Jones, Vice President Global Logistics, Supply Chain Strategy & Network Transformation at Lenovo took part in a panel at eft’s Hi-tech Supply Chain Summit in Amsterdam, have a read at his takeaways.
Last Thursday eft launched the European 3PL Summit in logistics hub, Venlo.