Deutsche Bahn (DB) AG issued the following statement in connection with a Wall Street Journal report about the air cargo cartel litigation brought by its logistics subsidiary, Schenker AG:

“Deutsche Bahn can confirm that its logistics subsidiary, Schenker AG, has dismissed its claims against Nippon Cargo, SAS and Cargolux in the air cargo cartel lawsuit brought in the Eastern District of New York. Schenker will continue to pursue its claims against other air carriers and seek damages relating to the air carriers’ anticompetitive conduct alleged in the US cartel lawsuit, based on the legal principle of joint and several liability. Schenker plans to pursue its rights vigorously.”

Air cargo carriers that had been found guilty by the US Department of Justice, the European Commission and other international authorities of operating a global price-fixing cartel face damages of approximately US$3.7 billion in the US lawsuit and in lawsuits brought by Deutsche Bahn and other companies in Germany. In the US, Schenker is seeking damages estimated at approximately US$370 million, and that number could increase to an estimated US$1.1 billion if the court awards treble damages in the case.