Hertz Global Holdings reported adjusted fourth-quarter net income of $23 million compared with an adjusted net loss of $73 million the year before

. Due to restructuring charges in the quarter, Hertz reported a net loss of $31 million compared with a net loss of $1.2 billion in 2008. U.S. car rental rate revenues in the quarter rose 2.5 percent year over year due partly to "improving business travel" according to Hertz. Worldwide car rental transactions during the quarter declined 1.4 percent to 6.1 million and during the year dropped 10.4 percent to 24.5 million.