Con-way Settles Airfreight Suit for $9.2 Million
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Last month, Con-way closed its domestic air freight forwarding operations under its Con-way Forwarding subsidiary.
on-way Inc. has paid $9.2 million to settle a suit by former pilots and crew members who worked for the company’s airfreight unit until it was shut down five years ago, Bloomberg reported Thursday.
The California suit had sought $500 million in damages related to the former Emery Worldwide Airlines, Con-way said in a regulatory filing, Bloomberg reported.
Con-way, which changed its name from CNF Inc. in April, closed Emery and switched its air freight shipments to contractors to save money, Bloomberg said.
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