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LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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Kyte’s monthly revenue has grown 400% since March. The company intends to expand its app-based rental system soon into Washington, D.C.
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In 2019, over 2.5 million people traveled on Christmas Day.
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Cox Automotive has acquired fleet mobile maintenance provider Dickinson Fleet Services to bolster the capabilities and geographic reach of its nationwide Pivet fleet services marketplace, and focus on powering a fleet future that is dependent on mobile maintenance and repair services.
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CEO Andre Haddad is undecided on whether to raise capital through a traditional IPO or a special-purpose acquisition (SPAC).
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Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.
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James Adams, an industry-experienced leader and proven e-commerce expert, is taking over this position and with it the management of the newly formed "E-Commerce & Revenue Management" unit, which covers e-commerce, pricing and yield management, and advanced profit and AI.
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Hertz's closure at three Wyoming airports has put 11 people out of work.
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Through its new Rent & Drive program, the Italian lifestyle brand is renting 16 classic cars, including a 1956 Mercedes-Benz 200 SL Gullwing, 1961 Maserati 3500 GT Vignale Spider, and a 1963 Ferrari 250 GT Lusso.
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The family-owned independent, an affiliate of Nextcar, runs a shuttle from its off-airport location directly to the airport terminals.
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This State of the Fleet Industry video takes a look back at 2020, the most challenging year in the history of the fleet industry.
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