DB Schenker: EU Commission Imposes Fine on Forwarders

(Essen/Berlin, 29 March 2012) Yesterday, the European Commission has imposed fines amounting to altogether 169 million Euros on 14 internationally operating forwarding and logistics companies. The companies are accused of violating competition law in airfreight fees and surcharges on several routes. The violation refers to the period from 2002 to 2007.

The 14 companies also include BAX Global, Inc. and Schenker AG, which have received fines amounting to altogether 34.935 million Euros. Both companies cooperated closely with the European Commission, so that here the Commission reduced the actual penalties.

Meanwhile, DB Schenker Logistics has introduced a comprehensive Cartel Compliance Program in line with high international standards. Personnel and organizational measures have also been taken at DB Schenker Logistics. Managers directly involved in the violation have left the company.

DB Schenker Logistics is reviewing the verdict reached by the European Commission and will take decisions on further measures when the time comes.