Moving Services
Competitive Landscape
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 in being able to consolidate loads on long hauls. Small companies can compete with large ones by specializing in local markets and by offering competitive prices and better service for local moves. The industry is labor-intensive: average annual revenue per employee is about $145,000.
Opportunities
Advanced Logistics Capability - Large van lines are sophisticated logistics companies, with onboard tracking monitors that enable customers to access van location and projected arrival information. Large and midsized...
Business Challenges
Dependent on Relocations, Home Sales - The moving industry depends highly on home sales and on corporate relocations, both of which tend to vary with the state of the economy. Swings...