Corporate travel spending on car rental more than doubled quarter over quarter in the second quarter amid a "boom in demand," according to Emburse's... KEEP READING

Avis Budget Group saw "strong earnings driven by robust demand" from both the corporate and leisure segments in the Americas and "seasonally increased... KEEP READING

Hertz reported strong second-quarter demand in the United States, Canada and Europe "as each of leisure, corporate and rideshare continued to... KEEP READING

Hertz has named interim CFO and chief accounting officer Alexandra Brooks its new CFO, effective immediately, the company announced Wednesday. ... KEEP READING

Spurred by strong demand, particularly in the leisure segment, and lingering supply-chain issues, car rental rates in the U.S. and Canada are set to... KEEP READING

There are fleet shortages, but they are not as bad as they were last year. There is still a semiconductor shortage. The price for vehicles is still... KEEP READING

Sixt recorded record first-quarter revenue of €695.1 million, a 19.7 percent year-over-year increase, the car rental company reported Thursday. ... KEEP READING

Avis Budget Group recorded the highest first-quarter revenue and number of transactions in company history, CEO Joe Ferraro reported Tuesday during an... KEEP READING

Corporate rental car demand continued to improve in the first quarter, and corporate clients are renewing deals "often" at higher prices, Hertz Global... KEEP READING

Hertz Global Holdings CFO Kenny Cheung will depart the company to pursue another opportunity outside the car rental industry, Hertz announced... KEEP READING