Articles tagged “hertz”

Hertz Cuts Outlook Because of Rental Car ‘Glut’

Hertz Cuts Outlook Because of Rental Car ‘Glut’

Associated Press

If by "excess capacity" he means "Uber" then, yes, we are in agreement.

2 years ago

Hertz Investment in On-Demand Car Service Tied to Tech Overhaul

Hertz Investment in On-Demand Car Service Tied to Tech Overhaul

Dennis Schaal, Skift

Hertz's investment in on-demand valet-parking service Luxe should be seen in the context of Accorhotels recently acquiring Onefinestay. Car rental companies and hotels are both feeling pressure from the sharing economy and they will be making more such investments and acquisitions as these startup mature.

2 years ago

Hertz Reports Softening in Corporate Rental Car Business

Hertz Reports Softening in Corporate Rental Car Business

Andrew Sheivachman, Skift

Weakening business travel demand, and the impact of ridesharing on the leisure market, is leading to lower rates and decreased revenue for car rental companies.

2 years ago

4 Charts Showing Car Rental Companies’ Growth in 2015

4 Charts Showing Car Rental Companies’ Growth in 2015

Dan Peltier, Skift

Rental car companies saw improvements in revenue and fleet sizes during 2015 and probably feel optimistic about the U.S. economy's continued recovery and increased American travel projected for this year. But they should hold off on celebrating until they demonstrate how they'll make renting cars easier and more mobile friendly in a world where Uber is a frequent alternative to rentals.

2 years ago

Hertz’ Earnings Fall Short as Financials Are Restated

Hertz’ Earnings Fall Short as Financials Are Restated

Mark Clothier, Bloomberg

Hertz is slowing improving from the mess it was, but its constant inward focus on its problems put it in a poor position to deal with external threats. Like Uber.

2 years ago

Skift Business Traveler: Hertz Falls Further Behind

Skift Business Traveler: Hertz Falls Further Behind

Grant Martin, Skift

What with all of Hertz' internal challenges it's doubtful they see Uber and Lyft sneaking up on their business travelers and making their lives' easier.

2 years ago

Hertz Has Another Lousy Quarter as Net Income Tumbles

Hertz Has Another Lousy Quarter as Net Income Tumbles

Mark Clothier, Bloomberg

A quarter like this makes you realize why they were reporting so poorly in the quarters before.

2 years ago

Hertz’ New CEO Is Finally Making Headway on Its Accounting Failures

Hertz’ New CEO Is Finally Making Headway on Its Accounting Failures

Mark Clothier, Bloomberg

There really was nowhere to go but up.

2 years ago

U.S. Senate Leader Pushing Bill to Weaken Rental Car and Rail Safety

U.S. Senate Leader Pushing Bill to Weaken Rental Car and Rail Safety

Joan Lowy, Associated Press

The appearance of safety and progress as opposed to the real thing? Probably not the best idea.

2 years ago

Hertz Raises Rates and Will Close 200 Locations

Hertz Raises Rates and Will Close 200 Locations

Mark Clothier, Bloomberg

Hertz will be much more of an airport rental-car company now and a smaller operation as it is shuttering 200 off-airport locations to trims costs.

2 years ago

Hertz Doubles Cost-Saving Target as Additional Financial Errors Emerge

Hertz Doubles Cost-Saving Target as Additional Financial Errors Emerge

Mark Clothier, Bloomberg

As Hertz’s financial errors pile up, it’s become difficult for Hertz to be held accountable for its past or future putting the company in a stagnant position as it stabilizes and resolves its reporting woes.

3 years ago

Caesars’ Names Hertz’ Embattled Ex-CEO to Replace Outgoing CEO

Caesars’ Names Hertz’ Embattled Ex-CEO to Replace Outgoing CEO

Kimberly Pierceall, Associated Press

So the man who couldn't get a proper financial report filed for multiple quarters is now in charge of a hospitality and gaming giant with its own fiscal challenges? Good news for Caesars' rivals, we guess.

3 years ago