Actionable news
All posts from Actionable news
Actionable news in CAR: Avis Budget Group, Inc.,

Uber and Lyft grab more business from taxis and rental cars

New data show business travelers are increasingly turning to Uber and Lyft while taking fewer cabs and renting fewer cars when out on the road.

Certify, a travel management firm which handles corporate travel transactions, analyzed more than 10 million receipts filed in the second quarter. It found the amount of money spent on rental cars and taxis each fell by two percent. Rental cars controlled 29 percent of the ground-travel expenses for business travelers and taxis had eight percent.

Meanwhile, both...