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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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Enterprise Holdings announced it has acquired Triangle Rent A Car, based in Raleigh, N.C. The purchase includes the Triangle brand, locations, websites and a majority of its fleet, including its van and truck rental business.
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Online travel agency Expedia announced it has entered into an agreement to acquire Orbitz Worldwide Inc., including all of Orbitz’s brands, for $12 per share in cash. This represents an enterprise value of about $1.6 billion.
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Pennsylvania’s Lehigh University has partnered with Zimride by Enterprise, a service of Enterprise Rent-A-Car, to launch an online ride-matching service that connects drivers and passengers heading to the same area.
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Peer-to-peer carsharing company FlightCar has expanded its operations to include San Jose International Airport (SJC). The company now serves travelers at all of California’s Bay Area airports.
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For 2015, ride-sharing Lyft has updated its look with a new pink “glowstache.”
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The Bismarck City Commission has decided to work with Conrac Solutions, an operator of consolidated airport facilities, to build and operate a car wash at Bismarck Municipal Airport.
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In the coming months, the city of Boston is planning to launch a one-year pilot program where it will sell at least 200 public parking spots to carsharing companies.
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At the 2014 World Travel Awards, Avis Car Rental was named “World’s Leading Car Rental Company,” “World’s Leading Luxury Car Rental Company” and “World’s Leading Car Rental Company Website.”
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CarTrawler, an online global car rental platform, has been named as a rental partner with Poland’s LOT Polish Airlines.
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Partnering with GeoZone, Thrifty Car Rental has launched a travel app to help travelers plan road trips easily and safely while visiting New Zealand.
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