Lawmakers seek to evaluate the legal framework for peer-to-peer rental platforms. #NewsismyBusiness
The financial terms of the transaction, which is expected to close in the coming weeks, were undisclosed. #NewsismyBusiness
Sen. Carmelo Ríos is studying model legislation to create the legal framework for this service in Puerto Rico.
The Hertz Corporation, which operates the Hertz, Dollar and Thrifty vehicle rental brands, has sold its local operation to long-time franchisee partner Best Rate Car & Truck Rental Inc., News is my Business confirmed. The financial terms of deal that closed July 1 were undisclosed. However, this media outlet learned that as a result of […]
Auto rental company Enterprise Rent-A-Car, announced the opening of a new location in Bayamón, with another one in the works for Guaynabo later this year. The new 2,000 square-foot office is part of an aggressive local expansion plan for Enterprise, which has 21 offices throughout the island and employs more than 240 people, executives said. […]
The car rental industry, which for years — and as a reflection of the economy — has experienced a significant decline, has seen a recent spike that could culminate in an increase of up to 5 percent at the end of this year, an industry executive said.
Local vehicle rental company Allied Car & Truck Rental recently opened two new locations — in Carolina and Naranjito — investing some $6.8 million in infrastructure and fleet.
Starting next month, passengers arriving to Puerto Rico’s Luis Muñoz Marín International Airport will have easier access to car rental companies, which will move their operations to the first level of the multi-level parking facility, Agustín Arellano, CEO of Aerostar Airport Holdings, airport administrator, said Tuesday.
Allied Car & Truck Rental is marking its 30th anniversary by investing $9 million to double its presence in Puerto Rico over the next two years, as well as establish branches outside the island, company officials said Monday.
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