Enterprise Generates Over $17B Revenue in FY-2014

Enterprise Holdings and its affiliate Enterprise Fleet Management generated $17.8 billion in revenue during fiscal year 2014, which ended July 31.

Enterprise Holdings owns and operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands.

“We continued to grow across all business lines, which included capturing the number one spot in market share at U.S. airport locations,” said Pamela M. Nicholson, Enterprise Holdings president and chief executive officer. “And in the highly competitive U.S. home-city market, we saw our insurance-replacement transactions increase by 4%. This kind of growth is a tribute to our exceptional employees and reflects our disciplined management strategy.”

According to Enterprise, here are some other highlights from fiscal year 2014:

  • Global fleet: Enterprise Holdings and its affiliate Enterprise Fleet Management together own more than 1.5 million vehicles, the largest fleet of vehicles in the world. 
  • Customer service: The National, Enterprise and Alamo brands swept the top three J.D. Power and Associates spots for car rental satisfaction for the second straight year.
  • Employees: Enterprise Holdings and its Enterprise Fleet Management affiliate have more than 83,000 employees worldwide.
  • Global network: Approximately 8,600 Enterprise, National and Alamo locations operate in nearly 70 countries and territories. 
  • Business travel: Corporate accounts generated almost $3 billion.
  • Commercial trucks: Enterprise Commercial Trucks grew more than 30% across Canada and the U.S., including new operations in New York and Minnesota. 
  • Car sharing: Available on nearly 100 North American university campuses and through 40 government and business accounts, Enterprise CarShare now operates in more than 35 U.S. states, Canada and the U.K. 
  • Vanpooling: Enterprise Rideshare is now in 35 key markets in the U.S. and had record numbers across all key measures.

Enterprise Holdings continued to move forward with its international expansion, virtually completing its network in Latin America, the Caribbean and Europe, says the company. Going forward, the company is focused on expansion efforts in the Middle East, Africa and Asia-Pacific.

According to the company, Enterprise manages its fleet with a long-term view, all based on a strategic approach to vehicle acquisition, depreciation and remarketing.

“We can maintain fleet flexibility, regardless of market conditions,” said Nicholson. “This, in turn, helped deliver one of the best years in our company’s history. We now operate our largest U.S. fleet ever — more vehicles than all other U.S. car rental companies combined.”

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