|Last Quarterly Update:||11/11/2013|
|SIC Codes:||4212, 4214, 4225|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry primarily provide local or long-distance truck transportation of used household, institutional, or commercial furniture and equipment, as well as related packing and storage services. Major companies include UniGroup (owner of United and Mayflower), SIRVA (owner of Allied, Global, and North American), Atlas Van Lines, and Bekins. Leading companies based outside the US include Crown Worldwide Group (Hong Kong), Grospiron (France), and Pickfords (a UK-based subsidiary of SIRVA).
Many large companies offer international moving services, which can be complicated due to regulatory and logistical issues between countries. Companies that specialize in cross-border moves also offer move planning services and corporate relocation planning services.
The US moving services industry includes about 8,000 companies with combined annual revenue of about $12 billion. The industry is challenged by weak growth in employment and consumer income, but improving conditions in housing markets could boost demand for moving services. Key revenue opportunities include advanced logistics capabilities, online services, and expanding storage services.
Self-storage services, which involve leasing of storage units but not moving services, and warehousing and storage, which typically involve logistics services as well as storage, are covered in separate industry profiles.
Home sales, residential rental turnover, and corporate relocations drive demand for moving and storage services. The profitability of individual companies depends on good marketing, as services are largely the same. Large companies have economies of scale in marketing and ...
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