Hertz is trying to sell its former Park Ridge, New Jersey, headquarters building and also the former Dollar Thrifty headquarters in Tulsa, Oklahoma. Some of the former Dollar Thrifty headquarters jobs are moving to Estero while others are going to Oklahoma City. Estero home and condo values have soared.
Hertz is also spinning off its Hertz Equipment Rental into a separate company that will be based in leased space in Bonita Springs, where Source Interlink was once based.

“Today’s filings are an important step forward, and our attention is now on realizing Hertz’s potential,” said John Tague, Hertz president and CEO, in a statement. “While much work remains, I thank the Hertz team for their efforts to bring our filings up to date while continuing to remain focused on our customers and our future.”
The company also announced progress on its capital allocation, cost savings, capacity plans and fleet refresh.
“Progress on our initiatives to reduce capacity, meet our fleet refresh targets and capture cost savings will be evident in the third quarter, which we believe will be an inflection point for the year,” Tague said. “And of course, we expect those benefits to become progressively more visible in 2016.”
For the first quarter of this year, the company saw $2.45 billion in total revenues, compared to $2.54 billion during the same period a year ago. It had $70 million in net income loss for the quarter, compared to $69 million in the same period a year ago. Diluted loss per share was 15 cents for the quarter, the same as a year ago. Courtesy of News-press
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