UPS® (NYSE: UPS) today announced it has agreed to terms with Poland-based investment fund ORTIE to acquire its pharmaceutical logistics company Poltraf Sp. z o.o. The acquisition will further strengthen UPS’s healthcare expertise and network in Europe, enabling compliant logistics services to customers for streamlining their product supply to the fast-growing healthcare markets of Central […]
NORFOLK, VA., and CALGARY, ALBERTA – Norfolk Southern Corp. (NS) and the Delaware & Hudson Railway Co. (D&H), a subsidiary of Canadian Pacific Railway (CP) today announced a proposed transaction under which NS would acquire 282.55 miles of D&H rail line between Sunbury, Pa., and Schenectady, N.Y. The $217 million sale, subject to approval by […]
PARSIPPANY, N.J., — Avis Car Rental today announced that it has signed a new, multi-year partnership agreement with Inspirato, the world’s largest luxury destination club. As a result of the partnership, Avis has been named Inspirato’s exclusive rental car provider and Inspirato’s more than 8,000 members will receive exclusive offers and discounts from Avis. Inspirato’s […]
London/ Munich. DriveNow, the carsharing joint venture between the BMW Group and Sixt SE, is launching its flexible carsharing service in London today. Initially, 210 BMW 1 Series and MINI Countryman models will be available for spontaneous hire. DriveNow furthermore intends to add 30 all-electric BMW i3 cars to the London fleet in spring 2015, […]
Royal Mail’s Home Movers Study has revealed that spending on a new home doesn’t stop when contracts have been exchanged on the new property The study found that nearly seven in ten recently moved home owners (69 per cent) have either already carried out building work on their new home, or plan to do so […]
PARK RIDGE, N.J., — The Hertz Corporation (NYSE: HTZ), the world’s largest general use car rental brand, announces its participation in this year’s Specialty Equipment Market Association (SEMA) trade show. At the show, Hertz will be providing in booth demonstrations of its new web-based portal, HIRS for Repair Shops, and will once again be sponsoring […]
PARSIPPANY, N.J., — Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, announced today that it has agreed to acquire its Budget Car Rental licensee for southern California and Las Vegas for approximately $210 million, plus the cost of acquired fleet. The licensee being acquired operates directly at Los Angeles International and […]
CHICAGO, — United Airlines today announced the airline is expanding its partnership with Hertz to offer elevated travel benefits to members of the airline’s MileagePlus loyalty program, as Hertz and its Dollar and Thrifty brands become United’s exclusive car rental partners beginning Nov. 1. Special perks are also in store for MileagePlus Club and Presidential […]
LONDON, — Nissan Motor Company has chosen The Hertz Corporation (NYSE: HTZ), the world’s leading general use car rental brand, to become its exclusive mobility partner. The partnership comes after Nissan was named the new official global automotive sponsor of the UEFA Champions League, UEFA Super Cup and related events. As part of this partnership, […]
WASHINGTON – The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) today announced it has awarded $1 million in grants to nine technical and community colleges across the country to help train returning military veterans for jobs as commercial bus and truck drivers. The funding is provided through FMCSA’s Commercial Motor Vehicle – […]
