News By Topic: Rental

Fast Service. Cool Cars. Mere Seconds. Budget Fastbreak.

Aug 3, 1998

Beginning this week at major U.S. airports across the nation, Budget Rent a Car is launching its best-ever express service with paperless transactions. It's so fast, Budget Fastbreak customers can be on their way in just a matter of seconds. ... Continue reading

Thrifty Named Top Car Rental Company by Entrepreneur Magazine

Aug 3, 1998

Thrifty Car Rental has been named the best car rental company by Entrepreneur magazine and received its 1998 Business Travel Award for the fifth consecutive year in this magazine written for small business owners. ... Continue reading

Budget Group Reports Second Quarter Results

Jul 30, 1998

Budget Group, Inc. released its Q2 operating results, reporting earnings per share up 65% to 33 cents before non-recurring and extraordinary items related to the recapitalization of the balance sheet in conjunction with Budget Group's acquisition of Ryder TRS. ... Continue reading

Republic Industries, Inc. Reports An 80% Increase In Income

Jul 30, 1998

Republic Industries, Inc. reported that for the three months ended June 30, 1998 income from continuing operations increased 80 percent to $127.4 million, or 27 cents per share, from $70.9 million, or 17 cents per share for the same period in 1997. ... Continue reading

The Hertz Corporation Declares Quarterly Dividend

Jul 27, 1998

The Hertz Corporation, the world's largest car rental company and a leading construction and industrial equipment rental business in the U.S., has declared a quarterly dividend of $0.05 per share on its Class A and Class B Common Stock. ... Continue reading

Plasma-Therm, Inc. Announces Sale of Shuttlelock(R) ICP for Development of MEMS Automotive Sensors

Jul 21, 1998

Plasma-Therm, Inc. announced the sale of a Shuttlelock(R) 770 plasma processing system to a prestigious automotive corporate research center, located in the United States, for use in the development of advanced MicroElectroMechanical (MEMS) sensors. ... Continue reading

Avis Rent A Car, Inc. Reports Record Second Quarter

Jul 16, 1998

Avis Rent A Car, Inc. reported record results for the second quarter and six months ended June 30, 1998. ... Continue reading

Budget Perfect Drive Awards Program In Full Swing

Jul 16, 1998

Things are really swinging at Budget Rent a Car this summer. Since launching Perfect Drive in April, Budget has scored more than 250,000 applicants. Of those, nearly 1,000 members have already redeemed Perfect Drive points. ... Continue reading

Broward County Arena To Be National Car Rental(R) Center

Jul 14, 1998

The Arena Development Company announced today that National Car Rental has won the right to name the new Broward County Arena in Sunrise, Florida. Minneapolis-based National Car Rental acquired the naming rights for $2.2 million per year for ten years. ... Continue reading

Hertz Reports Record Q2 Earnings

Jul 14, 1998

The Hertz Corporation, the world's largest car rental company and a leading industrial and construction equipment rental business, reported record earnings of $75.1 million for the second quarter of 1998, up 39.2 percent. ... Continue reading

National Car Rental Takes the Lead in Sports Sponsorships

Jul 14, 1998

Among travel companies, National Car Rental is the sports marketer, promoting its fast and efficient car rentals on almost every major national sporting event. ... Continue reading

Budget Group, Inc. Announces Pricing of Tender Offer

Jul 1, 1998

Budget Group, Inc. announced that it has determined the purchase price for the pending tender offer and consent solicitation for the outstanding 10% Senior Subordinated Notes Due 2006 of Ryder TRS, Inc. ... Continue reading

Hertz Acquires Big 4 Rents In San Francisco

Jul 1, 1998

After previously announcing the signing of a purchase agreement, The Hertz Corporation has completed the acquisition of Big 4 Rents, Inc., a San Francisco, CA based equipment rental company. ... Continue reading

Frost & Sullivan Executive Summary: U.S. Brake System Parts Aftermarket

Jun 30, 1998

Executive summary of Frost and Sullivan report discussing the United States brake system parts aftermarket--all. U.S. brake systems aftermarket manufacturer revenues totaled $2.17 billion in 1997 ... Continue reading

Rent-A-Wreck Announces Fourth Consecutive Record Year

Jun 30, 1998

Rent-A-Wreck of America Inc. announced record earnings for its fourth quarter and fiscal year ended March 31, 1998. The company reported operating income for the year up by 30% to $694,085 over operating income of $533,363 in the same period a year ago. ... Continue reading