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ACRA Carrying Fuller Industry Load As AI and EVs Lurk In Future
The leading car rental professional business group details an active legislative, regulatory, and macro-trends agenda affecting car rental operators.
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SEARCHMENUSEARCHThe leading car rental professional business group details an active legislative, regulatory, and macro-trends agenda affecting car rental operators.
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Company reports total revenue decrease of 1 percent versus second quarter 2009 and pretax income of $29 million, versus $2 million pretax loss in prior year. Rental day decrease and flat average daily rate offset by decrease car rental depreciation costs.
Read More →The partnership between the two companies has been extended for another three years until 2013. Air France, Hertz's first European airline partner, has collaborated with the car rental company for the past 21 years.
Read More →The requirement is in addition to the monthly gross revenue reports historically used to validate monthly airport concession fees.
Read More →The layoffs will affect service agents and bus drivers, and will coincide with the company’s move to a consolidated car rental facility at Tampa International Airport, according to an Enterprise Holdings spokeswoman.
Read More →"Getting Canadian antitrust regulatory approval is another step in the process for us to successfully complete the merger with Dollar Thrifty which we look forward to completing in the near future,” said Hertz Chairman and CEO, Mark P. Frissora.
Read More →In regards to the Hertz merger, Dollar Thrifty takes issue with "Avis Budget's unwillingness to provide a reverse termination fee," which DTAG interprets as a "lack of confidence by Avis Budget in its position" in regards to its ability to remediate any competitive issues and antitrust risks.
Read More →Hertz reports record worldwide pre-tax income boost of 21.9 percent. U.S. car rental revenues increase 10.1 percent year over year. Company reports slight pre-tax loss attributed to one-time gain in second quarter 2009.
Read More →Total revenue flat due to planned reduction in leasing to franchises. Same-store revenue up 2.9 percent. Revenue gains for vehicle rentals partially offset by drop in rental days, though volume improving. Utilization up. Strong used-car market keeps vehicle depreciation costs in check.
Read More →Bid of $46.50 a share tops Hertz offer, though lower than Dollar Thrifty’s current stock value. Avis bid includes 'removing the matching rights, eliminating the break-up fees, and increasing the commitment to secure antitrust approvals,' according to an Avis Budget Group letter to Dollar Thrifty.
Read More →At the two-day meeting, a select number of car and truck rental operators will be able to exchange information in an effort to improve their companies’ efficiency and profits.
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