ST. LOUIS — Enterprise Holdings Inc. has reported another record-breaking fiscal year, with more revenues, transactions, vehicles, locations, investments and customer miles logged than ever before.
During FY2018, the company – together with its affiliate Enterprise Fleet Management – increased its annual revenues by 8% to US$24.1 billion. Total transactions exceeded 72 million for Enterprise Holdings’ portfolio of car rental brands, which includes Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car.
Its global fleet size, meanwhile, grew to two million, plus its fully staffed neighbourhood and airport locations increased to more than 10,000 and facilitated more than 30 billion miles logged by customers worldwide.
The company attributes much of this growth to strategic acquisitions / investments, and innovation.
In 2007, Enterprise purchased the National and Alamo brands – its largest acquisition to date – and significantly increased its airport presence. Since 2008, Enterprise has spent nearly $2.4 billion making acquisitions and corporate-venture capital investments in the U.S., Canada, the U.K., France, Ireland, Spain, Brazil and China. Acquisitions include car rental companies, carshare operations, tech platforms and franchises.
On the Innovation side, during FY2018 Enterprise partnered with Voyage, a company that’s developing autonomous automotive options in North America, as well as participated in a New York City carsharing program that dedicates hundreds of parking spots in more than a dozen neighbourhoods. It also helped businesses run their truck fleets more efficiently with Enterprise Telematics, and kicked of a new ‘Move Forward’ marketing campaign.
“We continue to thrive, year after year, because we know nothing is more important than taking exceptional care of customers every single day, across all brands and all business lines,” said Christine Taylor, Enterprise Holdings’ Chief Operations Officer and granddaughter of Enterprise Holdings’ founder. “This kind of success in the highly competitive mobility sector is a direct reflection of our corporate culture and deep-rooted spirit of service and innovation.”