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.
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eft, a reputable business intelligence organization in the logistics sector, will hold its annual CSCO Forum and 3PL Summit in logistics hotspot Venlo-Venray in 2015.
With commoditization being a major topic for 3PLs, and the nature of the 3PL-customer relationship forming an integral part of their strategy, eft recently conducted some research into the area.