Global
Hertz Global Holdings reported third-quarter net income of $64.5 million, up from $17.7 million a year earlier.
Car rental revenue fell 11.5 percent on lower transaction volume and pricing. Rental rate revenue per transaction day in the U.S. market declined 3.4 percent to $43.47. Currently, Hertz is observing "soft but improving business travel demand," according to CEO Mark Frissora.