Wallenius Wilhelmsen Logistics (WWL), a leading transporter of automobiles and other rolling stock, said Thursday that it has received a draft cease and desist order and a draft surcharge order from the Japanese Fair Trade Commission (JFTC) indicating that WWL, as one of several companies in the industry, has been involved in unfair trade practices. The draft surcharge is estimated at $33 million and primarily related to the Japan-Europe trade.
The JFTC investigation into car carrier trade practices out of Japan was started in September 2012 and has involved a number of car carrying operators. The draft cease and desist order is provided to the companies concerned for their review and comment, in advance of a final ruling by the JFTC.
WWL said it "takes the matter very seriously and has cooperated fully with the JFTC throughout the investigation. The company will now carefully review the draft decision, in order to respond to the JFTC's preliminary findings."