Business travel falls as airfares climb, earnings drop

Article Abstract:

An increasing number of companies concerned with increasing air fares, lower-than-expected earnings and a volatile stock market are cutting travel expense costs. Some firms are limiting business travel to only the most important trips, while others are booking employees on flights with more stops or connections to save money. Others are encouraging workers to fly discount carriers such as Southwest Airlines. Carriers increased fares six times in 2000.

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Car rental companies unload part of fleets as business falls

Article Abstract:

Big car rental companies have been cutting their fleets 20% to 35% this season because fewer people are traveling in the wake of the terrorist attacks. The firms have been returning cars early to car manufacturers, delaying purchasing new ones, and auctioning off vehicles.

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More companies put meal expenses on a diet

Article Abstract:

An increasing number of business enterprises are implementing more stringent rules on meal expenses of employees during business trips. Acoording to consultancy Runtzheimer International, overspending by employees on dining and entertainment is a chronic area of abuse. An American Express Co survey found that 57% of the responding companies established clearly defined guidelines or spending limits on meal expenses in 1998, an increase from 50% in 1994.

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