Wonder

Antitrust: FleetCor

Delivered April 24, 2020. Contributor: Dorcas K.

Goals

To provide antitrust insights surrounding FleetCor's mergers and acquisitions.

Early Findings

FleetCor and AntitrustAntitrust is legislation in the U.S. that controls trusts and monopolies, promoting fair competition in business. 
Antitrust cases are legal actions that are brought against parties that are charged for limiting free competition. 
 In 2019, FleeCor was accused of leveraging exclusive dealings and arrangements to dominate the fleet card markets and truck stock payment systems. 
This is related to antitrust since FleetCor was accused of trying to limit competition.
The suit was filed in an Alabama court by a truck stop and a competing payment company. 
FleetCor gained dominance of Comdata, its subsidiary through the barring of its POS systems from processing fleet cards belonging to competitors. 
It also blocked the processing of Comdata's cards by rival payment systems. 
Summary of Early FindingsThe initial research focused on identifying what antitrust is and one illustration of how FleetCor has been connected to antitrust due to its mergers and acquisitions. 

Proposed next steps:

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We are recommending research that identities 5-7 additional situations/cases/incidences whereby FleetCor has been linked to antitrust because of its mergers and acquisitions. This can be by fuel stations, other payment companies, truck stops, shippers, among others. We will provide extensive details of each situation, including who the players were, circumstances surrounding the antitrust, the specific merger or acquisition under discussion, and any other relevant details.

We also recommend further research that will provide 2-3 insights on the current (2019-2020) state of FleetCor. For each insight, we'll provide details on the products or services it offers and/or details on its operations or acquisitions/partnerships.