Hertz Global Holdings reported second-quarter net income of $60.1 million,

reversing a $20.4 million net loss from the same quarter last year. Worldwide rental car revenue grew 10 percent to $1.8 billion, driven by 8 percent growth in transaction days. CEO Mark Frissora attributed the softness in rental car pricing--illustrated by a 4 percent year-over-year decline in rental rate revenue per transaction day and failed price increases in June and July--to larger industry fleets than a year earlier. "Fleets are tightening now," Frissora said Wednesday during the company's quarterly earnings call.