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Amid revenue gains, Hertz nets $18M, Avis Budget loses $46M
U.S. first-quarter revenue for publicly held U.S. car rental companies Hertz Global Holdings and Avis Budget Group was boosted by the continued rebound in travel spending, though Hertz's bottom line fared better than Avis Budget's during the first full quarter since Hertz took ownership of smaller competitor Dollar Thrifty Automotive Group. More»

Rocco Forte offers car tours of Germany
Rocco Forte Hotels is partnering with Elite Rent-a-Car to offer packages that will let car enthusiasts tour Germany’s autobahns in style. More»
Hertz to move headquarters to southwest Florida
Hertz said Tuesday that the car rental company will relocate its worldwide headquarters from Park Ridge, N.J., to Estero, Fla. More»
Major shareholders to exit Hertz
Three of Hertz Global Holdings’ major shareholders will sell their entire stakes in the company for a combined $1.24 billion in a public offering, Hertz said on Monday. More»
Avis Budget loss doubles on higher costs
Avis Budget Group’s first-quarter loss doubled from a year earlier, with fleet costs rising faster than revenue. More»
Dollar Thrifty helps Hertz post profit
Hertz Global Holdings reported a first-quarter profit, as revenue rose faster than costs largely on last year’s acquisition of Dollar Thrifty Automotive Group. More»
Two arrested in plot to attack Canada rail
The Royal Canadian Mounted Police said Monday that it foiled a plot to bomb a New York-Toronto Via Rail passenger train. More»
Hertz buys 20% stake in Chinese car rental company
Hertz Global Holdings acquired a 20% stake in China’s largest car-rental company, China Auto Rental, for an undisclosed amount. More»
Hertz bets on car-sharing as 'future' of auto rentals
Hertz Global Holdings will aggressively pursue car-sharing customers, beginning in late summer, by equipping much of its fleet with self-service technology that will enable hourly vehicle rentals and keyless entry. More»
Hertz plans to enable keyless entry, hourly rentals
Hertz Global Holdings will equip much of its fleet with self-service technology that will allow for hourly vehicle rentals and keyless entry, starting in late summer. More»
Amtrak cuts need for operating aid
Amtrak is reducing its request for federal operating subsidy by 17%, to $373 million, for fiscal 2014. More»
Sabre launches app for SNCF bookings
Sabre said a new app will make it quicker and easier for travel agents to shop and book train tickets on SNCF, France’s state-owned railway. More»
Rocky Mountaineer adds Lake Louise stop
Canada’s Rocky Mountaineer luxury train has a new destination on its First Passage to the West route: Lake Louise, Alberta. More»
Avis brings Zipcar to NYC airports
Avis introduced its recently acquired Zipcar service at Kennedy, LaGuardia and Newark airports, offering a selection of E-ZPass-equipped compact cars at each airport’s Avis pick-up facility. More»
Amtrak takes dig at airlines in new ad campaign
Amtrak has launched a new ad campaign for its Northeast Corridor Acela service, highlighting the amenities for business travelers. More»
Merger costs send Hertz to Q4 loss
Hertz Global Holdings took a fourth-quarter loss on costs associated with its acquisition of Dollar Thrifty Automotive Group, but the company beat analysts’ revenue estimates. More»
Higher demand helps Avis Budget narrow loss
Avis Budget Group narrowed its fourth-quarter loss by 73% from a year earlier on higher demand in North America and a because of a one-time expense in 2011 from its acquisition of Avis Europe. More»
Lim to leave Amtrak
David Lim, chief marketing officer of Amtrak, has announced his early retirement, effective May 1. More»
Travel Weekly honors 2012 Readers Choice Awards winners
Our readers have spoken. For the 10th year, they have voted for their favorite suppliers in a wide range of travel categories. More»
Amtrak increases New York-Washington Acela service
Amtrak is adding an evening express train to its high-speed Acela service between New York and Washington, boosting the number of weekday roundtrips to 16. More»
Avis’ Zipcar purchase suggests car-sharing business has legs
Last week’s proposed $500 million acquisition of Zipcar by Avis Budget Group signaled that the car-sharing portion of the car rental business is rapidly maturing from an experimental niche to a proven market segment. More»

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