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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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The company's total revenue for the quarter is $2.2 billion, up 19% from Q2 2021.
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Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
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Starting Nov. 1, drivers can rent Teslas from Hertz in Los Angeles, San Francisco, San Diego, and Washington, D.C., with a nationwide expansion in the works.
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Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
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From state-of-the-art onboard sensors to wireless telematics and more, Microsoft Azure is going to help Enterprise scale its fleet to a 350,000+ vehicle connected force by the end of the year. A fully connected worldwide fleet may be just five years away.
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In its safety report, Lyft received reports of over 4,000 instances of sexual assault on its ride-hailing platform between 2017 and 2019.
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Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
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Hertz's new chief information officer will be working to modernize the company's technology roadmap.
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Inter Fleet joins Routes Car Rental to expand the brand in Poland.
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Sixt is raising its earnings forecast for 2021 to between €390 million and €450 million, beating the company’s record annual result of €308 million in 2019.
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