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.
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.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI