A PYMNTS Company

UK: Local bus cos say OFT investigation preventing necessary overhauls

By  |  May 8, 2013

Local leaders of bus companies throughout the city of Redditch are accusing an Office of Fair Trading probe into the sector as the reason why crucial changes in bus services cannot occur. The OFT is currently investigating a $2.3 million acquisition by bus company Diamond of a fleet of buses from competitor First. Since the deal occurred last January, the competition regulator has received various consumer complaints of overcrowding and late pickups, though the bus bosses have argued that service improvements cannot be made until the OFT concludes its prove. According to reports, Diamond claims the company already had plans to modernize the buses’ infrastructure and staff, plans that must now be put on hold.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reddich Standard

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.