FTC Approves Final Order Settling Charges That U-Haul Invited Its Main Competitor to Fix Truck Rental Prices

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that U-Haul and its parent company invited its main competitor to fix prices on truck rentals. The settlement order against U-Haul and its parent company AMERCO bars them from colluding or inviting collusion.

The FTC vote approving the final order was 5-0. (FTC File No. 081-0157; the staff contact is Dana Abrahamson, Bureau of Competition, 202-326-2906. See press release dated June 9, 2010 at http://www.ftc.gov/opa/2010/06/uhaul.shtm.)

Copies of the documents mentioned in this release are available from the FTC’s website at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

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(FYI 30.2010.wpd)