Class action suit filed against forwarders
A civil class action lawsuit alleging anticompetitive behavior has been filed by several businesses against a group of freight forwarders in U.S. District Court in Brooklyn, N.Y.
Precision Associates, James Barners, and Anything Goes LLC have named Panalpina, Kuehne + Nagel, Expeditors International of Washington, Eagle Global Logistics (EGL), Schenker, Deutsche Post/DHL, UTI Worldwide as defendants. Also named is Spedlogswiss, the Swiss Freight Forwarding and Logistics Association.
The brokerage firm Bear Steans said the suit is “presumably around fuel surcharges.
“This suit is not surprising given the prior announced Department of Justice investigation and current class action suits against the rails and several LTL (less-than-truckload) providers over fuel surcharges,” said the firm in a research note this morning. “We believe it’s not a material event.”