None — U-Haul International, Inc. settled Federal Trade Commission charges that they violated the FTC Act by inviting U-Haul's closest competitor, Avis Budget Group, Inc., to collude on prices for truck rentals.
U-Haul and Budget control more than 70 percent of the "do-it-yourself" one-way truck rental business in the United States. According to the FTC, if U-Haul had succeeded in its price-fixing plan, the two companies could have imposed higher prices on truck-rental consumers.
The FTC's complaint alleged that on several occasions between 2006 and 2008, U-Haul tried to increase rates for one-way truck rentals by privately and publicly communicating with Budget, the second-largest truck rental company in the United States. However, the complaint does not allege that U-Haul and Budget actually reached an agreement.
The proposed settlement order against U-Haul and its parent company AMERCO bars them from colluding or inviting collusion. The order also includes monitoring and compliance provisions to ensure U-Haul and AMERCO comply with its terms. It will expire in 20 years
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