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Daily Q&A: What is the federal order against U-Haul truck rental about?

What is the federal order against U-Haul truck rental about?

The Federal Trade Commission this week issued a settlement order against U-Haul and its parent company AMERCO, barring them from colluding or inviting collusion on the price of truck rentals.

Investigators determined that U-Haul and AMERCO attempted to draw their chief competitor Avis Budget Group, Inc., in a price fixing deal. U-Haul, its parent company AMERCO and Avis Budget Group together control 70 percent of the U.S. do-it-yourself truck rental market.

Find more information about the FTC case through these links: http://www.ftc.gov/opa/2010/07/uhaul.shtm and http://www.ftc.gov/opa/2010/06/uhaul.shtm.

Question for the Consumer's Edge? Send it to ipenn@sptimes.com or twitter.com/consumers_edge. Questions are answered only in this daily feature.

Daily Q&A: What is the federal order against U-Haul truck rental about? 07/21/10 [Last modified: Wednesday, July 21, 2010 4:14pm]
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