Hertz
Operates rental car
business.
Headquarters:
225 Brae Blvd.
Park Ridge, NJ 07656
Employees: 29,350
CEO: Mark Frissora
Stock Symbol: HTZ
Website:
http://www.hertz.com
Career Site
Hertz is the leading global car rental company, operating in
145 countries from over 8,000 corporate and licensee locations.
The company offers cars, trucks and equipment for rent.
Hertz is the market leader in car rentals
in the U.S. with close to a 28% market share during 2007. The
company has made a major investment in the off-airport market
in the United States, generating revenues of close to $1 billion
in 2007. It now has nearly 1,600 off-airport locations in the
U.S., with 200 new rental stores open in the last year.
Hertz Equipment Rental Corp. is one of
the largest equipment rental companies in the United States and
Canada combined and in France and Spain. HERC rents a broad range
of earthmoving equipment, material handling equipment, aerial
and electrical equipment, air compressors, generators, pumps,
small tools, compaction equipment and construction-related trucks.
HERC also derives revenues from the sale of new equipment and
consumables.
The company reported worldwide revenue
of $8.6 billion in 2007. Net income was $264.5 million.
Car rentals made up 79.7% of revenue in
2007 and 20.2% from equipment rentals. 67.4% of revenue came
from the United States. Half of rentals at Hertz are for business
use.
At the end of 2007, Hertz had 338,800 cars
in its fleet in the U.S. and 174,300 internationally. In the
U.S., 27% of Hertz cars were GM vehicles, 24% made by Ford and
13% by Toyota.
Revenues from customers booking online
at hertz.com and other travel websites increased to over $1.7
billion last year.
Hertz began offering Toyota Prius cars
in 2007 and will have 2,500 available for rent by 2008.
The company has 29,350 employees: 20,550
in the U.S. and 8,800 in international operations.
History
Hertz began renting cars in 1918 and established
the first national franchise car renting system in 1925.
In 1932, Hertz opened the first airport
rent-a-car location at Chicago's Midway Airport.
Hertz Equipment Rental Corporation is formed
in 1965.
Ford acquired an ownership interest in
Hertz in 1987. Hertz was sold by Ford in 2005 to private investors
and went public on the NYSE in 2006.
Benefits
- Medical
- Dental
- Vision
- Life Insurance
- Dependent Life Insurance
- Accidental Death & Dismemberment
- Long-Term Disability
- Health Care Flexible Spending Account
- Dependent Care Flexible Spending Account
- Vacation
- Holidays
- Sick Days
- Retirement Plan
- Income Savings Plan
- U.S. Savings Bonds
- Employee Discounts
- Tuition Reimbursement
Updated May 7, 2008
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