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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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Independent and franchised car rental companies are adjusting to new realities during the pandemic with makeshift contactless rentals, deliveries, creative car cleaning, and goodwill to competitors. While policies are relaxed, the trick is to avoid getting burned.
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After weeks of discussions with Black colleagues across the organization, Enterprise's CEO Chrissy Taylor announced more funding for diversity training and community development, paid time off for employees to volunteer for community causes and other endeavors.
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The company reports a new high with over 79,000 rental days in May while moving its insurance liability programs to Lloyd’s Apollo 1969 syndicate, a gig economy provider.
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After a stint as interim CEO, Ferraro spent five years as president of the Americas division, responsible for the company’s Avis, Budget, Payless, and Zipcar brands in North and South America, including Latin America and the Caribbean.
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Hertz says the recent increases in its stock “present a unique opportunity for its debtors to raise capital on terms that are far superior to any debtor-in-possession financing.”
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Data suggests that the COVID-19 lockdown has spurred a new wave of enthusiasm for staycations and road trips, and more Europeans would prefer to avoid public transportation due to safety concerns.
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RateGain analyzed rate data from airport locations in Europe, finding that advanced reservations for July are showing the first signs of recovery.
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Avon Car Truck and Van posted a YouTube video that demonstrates the application of Electro-Biocide, an EPA-registered disinfectant proven effective against SARS-CoV-2.
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The app-based program has started in Brisbane and is slated to expand from Brisbane to Sydney, Melbourne, Perth, and Adelaide.
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Muehlenfeld’s hiring forms a new Florida division along with Dave Goldstein as fleet controller and Terri Grampa, fleet specialist.
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