U-Haul is a company that rents trucks and trailers to people who need to move things and store things.
U-Haul was founded by Leonard Shoen in 1945 and has grown through franchising to become the leading moving and storage service provider.
U-Haul is a household name synonymous with moving and storage services. U-Haul generated revenue of $4.23 billion for the year 2020, up from $3.66 billion in 2019.
The first quarter of 2019 saw a 15% increase in self-moving equipment rentals and a 14% increase in self-storage sales.
U-Haul is headquartered in Phoenix, Arizona, providing moving, storage, and equipment rental services.
U-Haul is owned by its parent company AMERCO and works with its subsidiary Uhaul Car Share.
U-Haul has more than 16,000 dealers in the United States.
|Headquarter||Phoenix, United States|
|Industry||Truck and Car Rental|
|Trading Symbol||NASDAQ: UHAL|
FedEx and UPS are some of its key clients, who usually use its services in December to handle large deliveries during the holidays.
U-Haul is a world-renowned company associated with the rental industry, providing storage, rental, and moving equipment.
U-Haul rents trailers, trucks, and other vehicle equipment. U-Haul also offers box trucks that can fit into heavy-duty van cabs and pick-up trucks made by GMC, Ram, and Ford.
U-Haul has always offered excellent all-in-one moving services, including labor.
It provides people with everything they need for a move, including moving boxes, moving supplies, hitches, bike and wheelchair carriers, and more.
Customers can purchase additional mileage for $0.40/mile if they need to move for a longer time.
There are six sizes of U-Haul truck boxes ranging from 10 feet to 28 feet. The company offers trailer and hitch installation services and clean rooms through its retail stores and distribution centers.
U-Haul provides rental trucks in different sizes. Customers who need small moving trucks can rent 8 ft., 9 ft., and 10 ft.
A moving truck is available in three different sizes: 8 feet, 9 feet, and 10 feet; and a truck is available in two different sizes: 20 feet and 26 feet; Trucks that transport large loads.
U-Haul is the leader in moving services and needs to fight off its competitors. It must also fight off competing companies like Penske, Hertz, and Rush.
You can learn about is an in-depth comparison of the top U-Haul competitors and similar companies in detail below.
If you are looking for a good rental company, look at the following companies that are better than U-Haul.
Some top companies are also very successful and have created a good name for themselves in the industry.
Top U-Haul Competitors
Roger Penske founded the Penske Corporation in 1969 as an American private company. The company provides truck rentals in North America, Canada, and Australia.
Penske has its headquarters in Bloomfield Township, Michigan, in the United States.
It operates worldwide and offers services to people moving to other states and remote areas. Penske offers its services only in Canada and the United States.
Penske provides truck rental and transportation services throughout North America, South America, Europe, Asia, and Australia. It provides maintenance services for its trucks.
Penske also offers truck rental and fleet maintenance services. Penske reported $164.5 million in earnings for the full-year 2020, which was $142.4 million from the previous year.
Penske Corporation has around 36,000 employees in over 70 countries, nearly double that of U-Haul. Penske operates at over 2,500 locations in North America and has over 300,000 vehicles in its fleet.
Penske offers a range of rental trucks of 12 ft., 16 ft., and 22 ft. Penske offers 10 and 20-foot trucks and 12 ft., 22-ft., and 26-ft.
An interior space of more than 450 cubic feet is available in rental trucks. Penske offers 24 ft. and 26 ft. rated trucks, full-service truck rentals, and moving supplies.
Penske is a competitor to U-Haul, but it operates in only 38 states, whereas U-Haul operates in all fifty states. Penske gives its customers unlimited mileage, whereas U-Haul charges per mile.
Penske Corporation is associated with the transportation industry and offers services like truck rentals, motor groups, truck leasing, and autos.
Penske offers very affordable services, transparent pricing, pick-up, and drop-off services, a quality fleet, and unlimited mileage for long hauls.
Penske’s business portfolio matches U-Haul’s punch-by-punch moving services. Penske provides its customers full service, including moving supplies and labor.
Penske charges between $59.99 and $99.99 for truck rentals daily or $0.79-$0.99 per mile, which is significantly more than U-Haul.
Penske is a division of Penske Automotive Group and generates more than $20 billion in revenue annually.
Penske is backed by the Penske Group of Companies, which means Penske can compete effectively with U-Haul and gain market share.
Penske offers significant discounts to new customers, AAA members, military, and students.
Penske believes in creating a sustainable business environment; this is why it offers fuel-efficient diesel engines and low-emission trucks to make the world a better place.
Budget Truck Rental
Budget Truck Rental was founded in 1998 by merging Budget Rentals Incorporated and Ryder Rentals Inc. It operates from its headquarters in New Jersey, USA.
Budget Rental operates out of its headquarters in Parsippany, New Jersey, United States.
Budget Rental Trucks provides its customers with over 2800 truck fleets that can be rented anywhere in the United States.
Budget Truck Rental operates more than 32,000 trucks, making it the second-largest rental company in the US market.
Budget Truck Rental is a part of Avis Budget Group, one of the world’s leading car rental services providers.
Budget Truck Rental employs around 1,100 people and receives a salary of $374 million annually.
Budget Truck Rental has more than 32,000 trucks in its fleet that are dotted across two thousand and eight hundred locations.
Budget Rental Trucks reported revenues of $374 million. They have a staff of one thousand and one hundred people. Budget Rentals is a subsidiary of Avis Budget Group, the leader in car rental.
Budget Truck Rental is the second largest company in the truck rental business in the US. It is also a worthy competitor to U-Haul.
Budget Rental has contracts with major companies like Isuzu, GMC, and Ford and sells moving supplies to help people move houses easily.
Budget Rental Truck provides moving services, such as packing supplies.
Budget Truck Rental has Trucks available for leasing and rental. Budget Rentals is a better choice than U-Haul because of its lower prices.
Budget Rental offers three different sizes of trucks ranging in length from 26 feet, 16 feet, and 12 feet in length, and the total height is 1698 feet, 830 feet, and 443 feet, respectively.
Budget offers discounted rates to AAA members, military members, members of motor clubs, and students.
If a customer orders additional items, such as moving supplies, insurance, or help, he will have to pay more.
Budget Rental Truck charges $27,61 per mile plus $0.47 for each extra mile it drives, while U-Haul charges $38,70 per mile plus $0.99 per mile to drive its fleet of trucks.
It is cheaper to rent a Budget truck than a UHaul truck. Budget Rental Trucks are a much more affordable alternative to the UHaul.
Budget Truck Rental has one-way trips, easy-to-use and navigates the website, instant online quotes, and unlimited mileage when renting trucks for long distances.
Enterprise Truck Rental
Enterprise Truck Rental is part of the parent company, Enterprise Rent-a-Car, which is part of Enterprise Holdings.
Enterprise Truck Rental was founded in 1999 and had its headquarters in St. Louis, Missouri.
Enterprise Truck Rental has hired over 800 people over the years, of whom it has generated revenue of $543 million.
Enterprise Truck Rental has expanded to over 350 locations in the United States, Canada, and Puerto Rico.
Enterprise Truck Rental is associated with the transportation industry and is a truck rental company. They have trucks that are either large or small and are available for rent.
Enterprise Truck Rental specializes in many things, including supplemental transportation, seasonal transportation, tow trucks, pick-up trucks, truck sales, cargo vans, trucks, rental, business trucks, personal truck rental, commercial truck rental, and rental trucks.
Enterprise Rent-A-Car is the main reason for Enterprise’s revenues of over $22 billion, but Enterprise Truck Rental is slowly and steadily catching up.
Enterprise Truck Rental offers a wide range of trucks, from large pickup trucks to cargo vans.
They also offer pickup services, including free pick-ups and delivery. You can rent them for the day, week, or month.
Enterprise Truck Rental provides short-term or long-term rental of trucks. They have options for everyone.
Customers can expect excellent customer service, with access to emergency roadside assistance and free pick-ups.
Enterprise Truck Rental sells used and well-maintained trucks, pick-up trucks, cargo vans, stakebeds, and parcel vans.
Enterprise Truck Rental is one of the largest rivals of U-Haul and offers four different sizes of trucks: 26 feet, 24 feet, 16 feet, and 15 feet, with a storage capacity of 1800 cu-ft, 1500 cu-ft, 960 cu-ft, and 810 cu-feet.
Enterprise Truck Rental provides services like round trip service, an easy-to-use and navigates the website, the largest selection of trucks, more eco-friendly trucks using diesel fuel, the first three hundred miles are free, and low mileage rates.
Rush Enterprises is an American public company founded in 1965 by W Marvin Rush.
The company has more than a hundred business centers in fifty states in the United States. It has its headquarters in New Braunfels, Texas, in the United States.
Rush Enterprises is an American business that has opened up to 100 Rush Truck Centres in 22 states.
The Rush Enterprises Corporation operates one of the largest car dealerships in North America. It also offers truck leasing and rental services.
Rush Enterprises operates a fleet of over 8,800 trucks and offers customers leasing and rental services that compete with U-Haul.
Rush Enterprises had revenue of $4.7 billion in 2020 and a net income of $114.9 million in 2019.
Rush Truck Centres are the largest network of commercial vehicle dealerships in the United States. These centers are strategically located near major highways and major urban areas.
Rush Truck Leasing also offers its services under the franchising model. It provides truck rental services under its Pac-Lease and Idea-Lease franchises.
Rush Truck Leasing offers more than 8,800 trucks to consumers through its 45 Pac-Lease and Idea-Lease franchises.
Enterprise has over 1,000 trucks under contract maintenance agreements. Rush Enterprise operates with more than 1,000 trucks under contract maintenance agreements.
Rush Enterprises also offers services such as selling used and new cars, aftermarket parts, body shop operations, customer service, renting, leasing, financing, and insuring related products.
Rush also offers telematics products, vehicle technology, accessories, and new tires.
Rush Enterprises plans to increase its revenues by 7.2% by 2021 from its lease and rental business.
Rush Enterprises is associated with the automotive industry and deals in used and new trucks.
Rush Enterprise is a commercial vehicle retailer selling used and new trucks. Rush Truck Centres are located throughout the United States.
Rush Enterprise is represented by bus and truck companies like Blue Bird, IC Bus, Ford, Isuzu, Peterbilt, etc.
Rush Enterprise is not the only company that rents out trucks. Several other rental companies may better suit your needs and be a better fit.
The right rental company can help you save time, energy, and money by renting the right track.
Rush Enterprise is a company that has a huge fleet of rental vehicles and is one of the top competitors of U-Haul.
Home Depot Truck Rental
Home Depot Truck Rental is a subsidiary of its parent company, Home Depot. Home Depot Truck Rental has more than 2,200 stores in the United States.
Home Depot Truck Rental has grown to over 2,000 locations across North America.
Home Depot is the largest home improvement retailer in the US, with over 2,200 stores nationwide.
The company has a fleet of vans, pickup trucks, and moving boxes. Home Depot offers truck rentals as well. The company offers rental vans and moving boxes to customers.
Home Depot Truck Rental initially started to help customers move things around their houses when they purchased new items, but it has evolved into a separate business focusing solely on moving people.
Home Depot reported a 19.88% increase in revenue to $132.11 billion for 2021.
It is associated with the moving industry and provides loads and go rental options to customers who want to rent a truck or van to move around.
Renting a van or truck to move anywhere in the city for just an hour can be done without needing a reservation.
Home Depot Truck Rental offers fierce competition to its rival company, UHaul.
Home Depot Truck Rental provides customers with unlimited mileage for local truck rentals and allows customers to use their preferred moving truck for trips out of town.
The company also provides customers with affordable rental rates for a large variety of different vehicle types.
Home Depot Truck Rental charges customers expensive taxes if they exceed their base rental time. These taxes are added to the customer’s rental every 15 minutes if they go over their rental time.
Home Depot Truck Rental recently added home moves to its fleet of trucks and is now competing with UHaul in all business areas.
Unlike U-Haul, Home Depot offers moving van rental services that offer unlimited mileage.
Home Depot’s moving van rental service offers unlimited miles. It charges based on the time customers spend in their vehicle instead of the distance they drive.
Home Depot offers long-distance rentals but cannot offer one-way rentals. Home Depot offers its customers flatbeds, cargo vans, and moving box trucks.
Home Depot Truck Rental is a major competitor to UHaul in the moving industry and offers four types of trucks, namely 26 feet, 22 feet, 16 feet, and 12 feet.
Home Depot Truck Rental provides trucks, cargo vans, and semi-trucks that have interiors of 773 cu feet, 2777 cu feet, 515 cu feet, and variable cu feet.
Hertz is a leading provider of car and truck rental services worldwide. Many U-Haul competitors are owned by the company, including Thrifty and Dollar. Thrifty and Dollar, two main UHaul competitors, are owned by Hertz.
Hertz generated more than $7.5 billion in revenues in 2019. The health crisis of pandemics wiped out the company’s demand for car rentals.
Hertz did not make its fleet of lease payments in April 2020. The company owes more than $15 billion in debt.
Hertz was about to go bankrupt when it was forced to pay over $18 billion in debt. It filed for Chapter 11 bankruptcy protection in May 2020.
Hertz has been able to rally its supporters and investors through the second half of 2020. It sold more than 180,000 vehicles and raised $5.9 billion from its investors.
Hertz sold 180,000 cars and bought 29 million shares from a new group of investors. The company raised $5,9 billion from its new investor group.
Hertz walked out of bankruptcy protection in July 2021 with enough funds to help it regain its market share. Hertz is a legitimate competitor to U-Haul.
Ryder is a public company of American origin. It was founded in the year 1933 by its founder James Ryder.
Ryder operates a fleet of rental trucks that includes sprinter vans and semi-trucks. Ryder serves the customers through a head office in Miami, Florida, United States.
Ryder Truck Rental is a nationwide transportation and logistics company specializing in fleet and supply chain management.
Ryder Systems is equipped with a commercial rental truck fleet that competes with U-Haul’s moving services.
Ryder had 39,900 employees in 2020 and generated $8,42 billion in revenue.
Ryder Trucks is a multinational transportation and logistics company that operates in many countries, including Asia, the United Kingdom, Europe, South America, and North America.
Ryder began operating in 1968 with the help of one thousand vans and trucks. It has the distinction of being the only trunk rental that rents stake trucks and refrigerated trucks.
Ryder Rental is the only rental company renting stake trucks and refrigerated trucks.
Ryder is associated with the transportation industry. It offers various transportation products, including logistics and fleet management.
Ryder’s demand is currently dropping because of the health crisis. Ryder recorded a loss of $122.3 million for the fiscal year 2020. The loss in 2020 is expected to be approximately $100 million, up from $24.4 million in 2019.
Ryder Truck Rental is popular due to its wide range of rental trucks, including straight truck rental, box truck rental, sprinter van rental, stake truck rental, and single axle semi truck rental.
Ryder offers both short and long journey services. Ryder Systems offers moving trucks to customers throughout the United States and Canada.
Ryder also rents out moving trucks of 26 and 16 feet. Ryder charges an hourly rate or a daily rate because, after midnight, it is considered day two for the vehicle.
Ryder Trucks are seen on highways and are used by the general public for local moving.
Ryder Truck Rental and One Mile & Truck Rental also reported significant annual revenue declines.
Ryder will become profitable again in 2021 and start competing more aggressively for business.
Ryder has been in the truck rental business for over 85 years. He is the most experienced competitor to UHaul.
New reports suggest that the company will start operating electric trucks in Illinois, Chicago, and California. These devices will be equipped with batteries that will provide a range of 100 miles.
Ryder launched RyderGyde as a tool for fleet managers and drivers. RyderGyde is a fleet management smartphone app that allows fleet managers to manage and monitor their clients’ fleets.
Customers can track the status of their rental vehicles, compare fuel prices, and book maintenance appointments from their smartphones in real-time.
PODS stands for Portable On Demand Storage, and its customers know it as a storage company.
PODS is a private company based in the United States and was founded in 1998 by its founder Peter Warhurst.
The company has its headquarter in Clearwater, Florida, and operates throughout the United States.
PODS has offices in the United Kingdom, Australia, Canada, and the United States. The Ontario Teachers’ Pension Plan is the company responsible for POD.
A PODS delivery takes place in fourteen thousand cities, resulting in four million deliveries.
The company has been recognized as one of the top five moving companies in the world.
Customers have found that the company that moved them to be excellent customer service.
PODS is associated with the moving and storage industry. This company provides containers to customers’ requirements.
A storage container is delivered to a customer’s specified location. The customer decides on the container size and then chooses from the three sizes offered.
PODS store the containers for the customer and then loaded onto the trucks that are delivered to that location. It may be taken to another location or stored in a warehouse.
Different franchises in each city own some warehouses and units. PODS provides three container sizes, namely sixteen feet, 12-foot, and seven feet, so that customers can choose the right size.
PODS has competed with U-Haul with Sprint Nextel, a telecommunication carrier, since 2007, so trucks can be tracked wirelessly, and directions to the locations of the deliveries can be provided.
Alamo is a car and truck rental company. It offers cheap rental cars and vans to customers who need to move small cargo.
Alamo Rent a Car has locations worldwide. It offers more perks to its customers than moving services. Alamo had estimated revenue of around $22.5 billion in 2020.
Alamo is the only company that provides small cargo vans and pickup trucks, unlike UHaul.
Customers at Alamo will likely rent a large box from U-Haul, as they do not often have many moving options.
Alamo has more than 1,000 locations in the United States and offers better deals and discounts than U-Haul.
Alamo recently revamped its website to simplify the rental process and improve the customer experience.
It has a new integrated system that allows customers to easily check-in and make reservations online.
Customers who remain loyal can become Alamo Insiders to receive perks and discounts. Alamo is a great U-Haul alternative for moving small or large loads.
SIXT is a global mobility service provider that offers vehicle rentals, car-sharing, and ride-hailing services. It also offers mobile apps to connect customers and services (SIXT+).
SIXT has 2,100 locations in 110 countries. SIXT will report a revenue decline of 38.8% from $2.9 billion (EUR 2.5 billion) in 2019 to $1.8 billion (EUR 1.53 billion) in 2020.
SIXT’s revenue declined 38.8% in the first half of this year, but the company is one of the most technologically-driven transportation providers.
The business reduced its fleet size by 25 percent in 2020 to save money and mitigate health problems.
SIXT launched its Van & Truck business section in January 2021 to take advantage of this growing sector.
The company plans to use its acquired technical skills to achieve market leadership in the truck rental business.
SIXT already has a presence in the United States, and the company possesses the resources necessary to take U- Haul’s portion of the market.
Avis Budget Group Inc.
Avis is a well-known American vehicle rental firm that also owns Budget Truck Rental, which is ranked among the top five rivals of U-Haul.
Additionally, truck rentals are available at both company-operated and franchised Avis stores. Avis’s company-owned and operated outlets brought about $3 billion in revenue in 2020.
A rental made by a commercial client-generated about $1.4 billion, while an airport rental generated about $1.6 billion.
Compared to U-Haul, Avis’ truck rental options are more limited, making it comparable to Alamo’s offerings.
The most significant advantage that Avis has over U-Haul in terms of competitive advantage is the company’s diversified portfolio.
Avis reorganized its fleet in the wake of the financial crisis to better capitalize on rental markets that offered higher returns.
Avis shifted its primary commercial focus from business to leisure consumers as the economy returned to normalcy in the second half of 2021. The company’s daily sales are up by 12 percent because of this unique strategy.
Avis is one of the companies competing with U-Haul, the most innovative.
Thrifty is one of two rental car agencies under Hertz’s umbrella, along with Dollar Vehicle Rental.
Thrifty has 1,500 franchises and 340 company-owned facilities across the country that rent out trucks and vans.
After Hertz filed for bankruptcy and restructured in May 2020, Thrifty was forced to sell off a piece of its vehicle fleet.
However, the business still possesses a sizeable fleet of pickup trucks, vans, and minivans with which it may compete with the supremacy of U-Haul.
Thrifty now has an advantage over its competitors thanks to supporting from Hertz and Dollar Car Rental.