Word: hertz
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Travelers renting cars at most U.S. airports can choose to drive away the Fords of Hertz, the Plymouths of Avis or the Chevies of National Car Rental. Last week the Federal Trade Commission charged that the Big Three of the auto-rental business had combined to make sure that consumers got no other choice. Hertz, Avis and National, said the FTC, have been conspiring since 1968 to freeze competitors out of airport trade, which constitutes 70% of the $700 million-a-year business, and to keep car-rental prices artificially high...
...alleged that Hertz, Avis and National conspired to submit identical bids for concession rights at airports, and persuaded airport managers to set requirements for concessions that disqualified competitors. One rule they are alleged to have promoted requires that "concessionaires have a nationwide reservations network." The FTC also accused the three companies of fixing rental prices and stated that smaller competitors kept out of the airports charged 10% to 40% less...
...gives a false aura of objectivity to their findings, says Verrett, because the NRC passes the buck to an advisory panel of "experts," most of whom are partly supported by the industry concerned or institutions that it finances. Such men, says Dr. Verrett, "are sometimes jokingly referred to as 'Hertz Rent-a-Scientists.' " (See nine kid foods to avoid...
...reports that passport applications were down 16% in January from last year. So far this winter, Spain's Costa del Sol has had 50,000 fewer visitors than expected. Only 30% of the rooms at the Rome Hilton were filled last month, against 45% the January before, and Hertz auto rentals in the Eternal City are off nearly...
...foil John Major fell behind early in his bout to Dartmouth's Phil Hertz, but then won four straight points to win, 5-3. The bouts in the second round were much closer, many of them went to "la bel"--a 4-4 tie--but the J.V.'s prevailed...