Hertz's next CEO has his work cut out for him in remaking the company. The car rental firm's transformation plan sounds good on paper, but it will be up to Stephen Scherr to turn vision into reality.
The years of infrastructure week memes are finally over with President Biden's $2 trillion proposal to upgrade and green America's infrastructure. But with battle lines already forming, can he get the package over the line in Congress?
Masks, social distancing, and vaccines can't stop climate change. It isn't a competition to choose the most dire threat, climate change or Covid-19, because they are interrelated. But taking a long-term view, climate change will be an existential threat to the travel industry, and the world, even as coronavirus fades.
The sharing economy hardly puts a dent in the fact that most American road trips occur with owned cars. But look out for brands adapting to electric vehicles before driverless cars change things completely.
Mirroring the larger luxury sector, car manufacturers are finding that a legacy brand is not enough to attract the interest of newly affluent customers. They must adapt to demands while maintaining their standard brand quality to thrive into the future.
You have to spend a little to make a little. These electric shuttles will be more expensive for Best Western at the outset, but the cost savings over time will make up for that initial, pricey expense.
The hope is that small-scale partnerships like Burlington and Montreal’s charging stations are only the beginning to larger projects that make eco-friendly transport as easy and inexpensive as today’s main transit options.
The differences in transit habits of those with and without electric cars has more to do with what drives people to purchase such a car and less to do with EV completely changing drivers’ commutes.
LAX started offering the incentive over a decade ago, which no longer makes sense for the airport as it risks losing up to $120,000 a day from free parking.