PARK RIDGE, N.J., April 11, 2012 /PRNewswire/ -- The Hertz
Corporation (NYSE: HTZ) is announcing the introduction of
compressed natural gas (CNG) vehicles to its fleet in the US. Hertz
will begin renting eight CNG Honda Civics and two CNG GMC Yukons at
Will Rogers World Airport in Oklahoma
City early next month. All vehicles will include NeverLost
GPS units to assist renters in mapping local CNG refueling
stations.
(Logo:
http://photos.prnewswire.com/prnh/20110810/NY50373LOGO)
"Hertz is committed to providing our customers with a full
spectrum of vehicle options to suit their rental needs including
clean emission vehicles such as CNG, electric vehicles, as well as
other fuel-efficient vehicles included in our Green Traveler
Collection," said Mark P. Frissora,
Hertz Chairman and Chief Executive Officer. "As more low emission,
fuel efficient vehicles become available for general use we will
continue to expand our rental fleet, reflecting our dedication to
offering sustainable travel options."
The new vehicles will be on display at the Oklahoma City
Thunder's home game against the Los Angeles Clippers on
Wednesday, April 11. In conjunction
with the Oklahoma City Thunder's Green Week, an NBA initiative for
environmental awareness, Hertz will also be raffling off 10 weekend
CNG vehicle rentals to game attendees.
The expansion of energy-efficient and clean vehicles stems from
the launch of Living Journey, Hertz's global sustainability
strategy announced earlier this year.
CNG is a cleaner-burning fuel, emitting up to 30 percent less
carbon dioxide and up to 75 percent less carbon monoxide. The fuel
also typically costs half the price of gasoline and is produced
domestically.(1) Last year, Hertz introduced the addition of CNG
vehicles through Hertz On Demand at Oklahoma
State University. Hertz also deploys CNG airport buses at
its Los Angeles Airport location and rents CNG vehicles in both
Italy and the United Kingdom.
Oklahoma City is serving as a
pilot program for Hertz's CNG airport rentals program. In addition
to having significant CNG fueling infrastructure across the state –
approximately 70 existing or planned public stations – Oklahoma is also home to several of the top
natural gas producers in the country, including Chesapeake Energy
Corporation.
"Through its natural gas vehicles rental program, Hertz shows
its industry leadership and further illustrates the exciting future
of natural gas as a transportation fuel," said Aubrey K. McClendon, Chesapeake Chief Executive Officer. "By
renting a CNG vehicle, Hertz customers will cut their fueling costs
in half, while driving a vehicle that is better for the
environment. We hope the success of Hertz's program in Oklahoma City leads to adoption of this
program nationwide."
Donlen Corporation, a wholly-owned subsidiary of The Hertz
Corporation, played a key role in developing this program.
"This initiative is a great example of what can happen when
industry leaders collaborate to create meaningful change," said
Gary Rappeport, Donlen CEO. "Natural
gas vehicles play an important part in the future of fleet and
mobility solutions as companies look toward achieving their
sustainability and operational goals. Together, Hertz and Donlen
are investing in programs like this to change the landscape of
available transportation solutions."
About Hertz
Hertz is the largest worldwide airport general use car rental
brand operating from approximately 8,500 locations in approximately
150 countries worldwide. Hertz is the number one airport car rental
brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee
locations in cities and airports in North
America, Europe,
Latin America, Asia, Australia and New
Zealand. In addition, the Company has licensee locations in
cities and airports in Africa and
the Middle East. In addition, Hertz operates one of the
world's largest equipment rental businesses, Hertz Equipment Rental
Corporation, offering a diverse line of rental equipment, including
tools and supplies, and new and used equipment for sale from
approximately 320 branches in the United
States, Canada,
France, Spain, Italy,
China and Saudi Arabia, as well as through its
international licensees. In late 2008, Hertz introduced
a global car-sharing service, now referred to as Hertz On Demand,
where customers can rent by the hour from various locations in the
U.S., Canada and Europe.
Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in
fleet leasing and management services.
About Donlen Corporation
A wholly-owned subsidiary of The Hertz Corporation (NYSE: HTZ),
Donlen (www.donlen.com) with headquarters in Northbrook, IL, is the fleet industry's most
comprehensive and integrated provider of financing and asset
management solutions.
About Chesapeake Energy Corporation
Chesapeake Energy Corporation (NYSE: CHK) is the second-largest
producer of natural gas, a Top 15 producer of oil and natural gas
liquids and the most active driller of new wells in the U.S.
Headquartered in Oklahoma City,
the company's operations are focused on discovering and developing
unconventional natural gas and oil fields onshore in the U.S.
Chesapeake owns leading positions
in the Barnett, Haynesville, Bossier, Marcellus and Pearsall
natural gas shale plays and in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime, Bone Spring,
Avalon, Wolfcamp, Wolfberry and Niobrara unconventional liquids
plays. The company has also vertically integrated its
operations and owns substantial marketing, midstream and oilfield
services businesses directly and indirectly through its
subsidiaries Chesapeake Energy Marketing Inc., Chesapeake Midstream
Development, L.P. and Chesapeake Oilfield Services, L.L.C. and its
affiliate Chesapeake Midstream Partners, L.P. (NYSE: CHKM).
Further information is available at www.chk.com where Chesapeake routinely posts announcements,
updates, events, investor information, presentations and news
releases.
(1) U.S. Dept. of Energy—Argonne National Laboratory Report: A
Full Fuel-Cycle Analysis of Energy and Emissions Impacts of
Transportations Fuels Produced from Natural Gas,
http://www.transportation.anl.gov/pdfs/TA/13.pdf
SOURCE Hertz Corporation