Articles tagged “hertz”

Rental Car Companies Have Inched Their Way Back From the Brink

Rental Car Companies Have Inched Their Way Back From the Brink

Andrew Sheivachman, Skift

Now that the car rental giants have sold off their extra cars, they can focus on continuing to grow revenue. But is there really a long-term future for rental cars in a world that has embraced ridesharing?

5 days ago

Hertz and Avis Prep for Future With Self-Driving Car Partnerships

Hertz and Avis Prep for Future With Self-Driving Car Partnerships

Andrew Sheivachman, Skift

Car rental giants are looking to the future, with the goal of handling logistics for whatever company ends up winning the automated car arms race. If you can't beat them, join them.

3 months ago

Apple Partners With Hertz for Self-Driving Car Trials

Apple Partners With Hertz for Self-Driving Car Trials

Alex Webb and David Welch, Bloomberg

Using car rentals to get consumers familiar with the technology is a smart move. Smart enough that Google had the same idea today, too.

5 months ago

Car Rental Companies Have Too Many Vehicles and Not Enough Customers

Car Rental Companies Have Too Many Vehicles and Not Enough Customers

Andrew Sheivachman, Skift

Car rental giants are working to reduce fleet size following a period of reduced demand. But as ridesharing continues to grow in popularity on a global scale, these companies need to get creative about what the future of on-demand transportation really looks like.

6 months ago

Hertz’s Latest Twist Is Adding Private Driver Services From Blacklane

Hertz’s Latest Twist Is Adding Private Driver Services From Blacklane

Sean O'Neill, Skift

Everyone has had a rental car nightmare — lost bookings, mysterious dents, or surprise fees. But rental car companies now face a nightmare of their own in fierce car-sharing competition. Expect Hertz's Blacklane deal to be one of many initiatives as it copes.

8 months ago

Hertz to Get Third CEO in 2 Years as John Tague Exits Struggling Company

Hertz to Get Third CEO in 2 Years as John Tague Exits Struggling Company

Jamie Butters and David Welch, Bloomberg

The new CEO at Hertz will have a tough job when she starts in January. Travelers accustomed to on-demand options are losing patience with the complicated process of renting a car even as ride-sharing services continue to prove an attractive alternative.

11 months ago

Weak Demand and On-Demand Services Hurting Car Rental Companies

Weak Demand and On-Demand Services Hurting Car Rental Companies

Andrew Sheivachman, Skift

Car rental brands are losing customers to ascendant ridesharing services. As they become more nimble and technology-focused, however, car rental companies should be able to regain some share in the ground transportation marketplace.

1 year ago

Hertz Loses Half Its Market Value Following Earnings Report

Hertz Loses Half Its Market Value Following Earnings Report

David Welch, Bloomberg

We are not sure that Hertz can ever fix its issues, especially as on-demand services like Uber and Lyft give business travelers fewer reasons to hit the car rental desk at the airport.

1 year ago

Rental Car Execs Say Business Is Strong Despite Brexit and Terror

Rental Car Execs Say Business Is Strong Despite Brexit and Terror

Andrew Sheivachman, Skift

Car rental companies have bounced back in the last year by becoming smarter about how they reach customers and invest in technology.

1 year ago

Hertz Signs Deals With Uber, Lyft to Rent Very Used Cars to Drivers

Hertz Signs Deals With Uber, Lyft to Rent Very Used Cars to Drivers

Melissa Mittelman , Bloomberg

If you can't beat 'em, then join 'em -- or at least, from Hertz's perspective, partner with Uber and Lyft to attract a new revenue stream. Hertz, Avis Budget, Enterprise and others can't sit on their butts and they are scurrying to adapt.

1 year ago

Why Car Rental Giants Are Learning Lessons From Airlines

Why Car Rental Giants Are Learning Lessons From Airlines

Justin Bachman, Bloomberg

Companies like Avis Budget and Hertz are looking for leadership from the same people that helped return U.S. airlines to profitability, as ride sharing services drive prices down in the traditional car rental ecosystem.

1 year ago

Hertz CEO Sees Ride-Sharing Partnerships as Best Path Forward

Hertz CEO Sees Ride-Sharing Partnerships as Best Path Forward

Dan Peltier, Skift

Hertz knows it needs to get more involved in ride-sharing to keep itself relevant but isn't yet sure what that solution is. It doesn't see its current Lyft partnership as strategic, but it was still willing to test the ride-sharing waters.

2 years ago