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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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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 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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Both companies will pay eligible drivers who are unable to work because of the pandemic.
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Manheim will implement Simulcast-only sales at all of its U.S. locations effective March 16 to April 3, following the ongoing public health and safety concerns of COVID-19.
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The move gives military and government employees easier access to rental vehicles during this unprecedented time when they might need transportation amid restricted travel directives in response to coronavirus concerns.
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With colleges and universities all over the United States announcing campus closures in response to Coronavirus concerns, many students may need last-minute transportation.
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The fleet management company was awarded two Silver Stevies for Innovation in Sales and Best Use of Technology in Sales and two Bronze Stevies for Innovation in Customer Service and Best Use of Technology in Customer Service.
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