Lowe’s to host 24/7 Hertz car rental service
Hertz is placing itself in direct competition with automated car-rental services like Zipcar this summer, a move that could have an impact on parking lots of home centers.
According to Bloomberg, Hertz is partnering with Lowe’s and Walgreens (among others) in order to expand its presence via kiosks in place of having to buy additional property.
Tnooz reports that customers will soon have 24/7 access to Hertz rental cars, which will be stationed in Lowe’s parking lots later this summer. Those who sign up for memberships will be able to unlock vehicles with their electronically coded cards without ever having to visit a rental car office. Gold status members of Hertz’s loyalty program will be able to enjoy 24/7 rentals out of Lowe’s parking lots by the end of the year.
According to Bloomberg, Hertz initially considered buying the startup but has been competing with Zipcar since 2008. Today, Hertz has a 35,000-vehicle fleet in 1,800 neighborhood locations equipped for hourly rentals.
“It’s kind of a win-win situation,” CEO Mark Frissora told the news source. “The retailer is able to monetize their parking lot. It’s almost a no-brainer. It’s part of our asset-light strategy, investing in technology and making the car, if you will, the bricks and mortar.”
According to Tnooz, Hertz’s hourly rentals don’t require a membership fee, which would place Hertz at a competitive advantage to Zipcar.
Lowe’s did not respond to requests for comment on the program.
Osmose MicroPro gets Greenguard Gold Certification
Osmose, Inc.’s MicroPro preservative technology received Greenguard Gold Certification from UL Environment, guaranteeing low VOC emissions and healthy standards for the wood treatment.
The Greenguard Gold certification process involves testing for low chemical emissions, which is aimed at reducing indoor air pollution and minimizing chemical exposure. The Greenguard Gold seal indicates that a product is safe for use in schools and healthcare facilities, among others, and is aimed at reducing risk for the most sensitive members of the population.
MicroPro is one of many products that is featured in UL Environment’s Sustainable Product Database, a free online search tool for purchasers and specifiers.
Klein Tools unearths oldest pair of its own pliers, worth $5,000
Klein Tools testified to the enduring nature of its products in a most unusual way: by hunting down the oldest pair of Klein side-cutting pliers in existence today. The winning pair, belonging to Dan Schmidt, dated back to 1904 and was valued at $5,000.
"We were overwhelmed with the inquiries and heart-warming stories of Klein tools beind handed down from one generation to another," said product marketing manager Thomas Barton. "Stories such as our second oldest pair from Robert Armstrong, Jr. really exemplify what the Klein Tools’ brand is all about. His pair of 1906 pliers were handed down to his father in 1941 while on the job as a line foreman in Dyersburg, Tenn. and then handed down to Robert."
Klein Tools found the relic at a swap meet at the Sky Village Meet in Yucca Valley, Calif., where they were on sale for only $10. According to the company, they were still in good working condition.
Schmidt’s pliers originally sold for $3.60 in 1904, which included a special nickel plating for an additional 30 cents.