Our team of enterprising editors bring years of experience covering the fleet industry. We offer a deep understanding of trends and the ever-evolving landscapes we cover in fleet, trucking, and transportation.
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Our team of enterprising editors bring years of experience covering the fleet industry. We offer a deep understanding of trends and the ever-evolving landscapes we cover in fleet, trucking, and transportation.
China Auto Rental Inc. (CAR), China’s largest car rental company, has started selling some of its assets to help survive the economic downturn caused by the Coronavirus outbreak.
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The letter from the American Car Rental Association to Treasury Secretary Mnuchin asks for grants or loans to purchase car rental industry assets, federal funds to help pay airport guarantees and concessions, and deferrals on taxes.
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In general, DBRS Morningstar expects rental car companies to err on the conservative side while de-fleeting.
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Rate Pros said that it is important for the industry to "weather the storm together," during this challenging time for the market.
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The alliance is advocating for government intervention to protect millions of jobs and small- and medium-size business.
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The shutdowns come to fight the spread of COVID-19/coronavirus after workers at multiple plants tested positive.
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The move comes as the world continues to grip with the COVID-19 pandemic.
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U.S. Travel Association President and CEO Roger Dow has urged the Trump Administration to consider $150 billion in overall relief for the broader travel sector.
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KAR Global is immediately transitioning to Simulcast-only sales at all U.S. and Canada ADESA auction locations until further notice as the coronavirus pandemic continues to evolve, according to KAR Auction Services.
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Both companies will pay eligible drivers who are unable to work because of the pandemic.
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