Truck Rental
Purchase includes free access to book updates online and a free trial membership in the publisher’s book club where you can select from more than a million books without charge. Not illustrated. Excerpt: Joe Shoen, Chairman, CEO John “J.T.” Taylor, President Mark Shoen, Vice-PresidentU-Haul International, Inc. (NASDAQ: UHAL) is a North American equipment rental company, based in Phoenix, Arizona, that has been in operation since 1945. The company was founded by Leonard Shoen (L. S. “Sam” Shoen) in Ridgefield, Washington, who began it in the garage owned by his wife’s family, and expanded through franchising with gas stations. One of many U-Haul trucks U-Haul is owned by Amerco, a holding company which also operates Amerco Real Estate, Republic Western Insurance, and Oxford Life Insurance. The Shoen family currently owns about 40% of the publicly-traded stock corporation. The company rents trucks, trailers, and other pieces of equipment, but many U-Haul centers and dealerships also provide storage, LPG (propane) refueling, hitch and trailer wiring installation, and carpet cleaners, among other services. Because of the company’s ubiquity (there are 15,000 dealers across the country) the name is sometimes used as a genericized trademark to refer to the services of any rental company. The livery used on rented vehicles is widely recognized, primarily consisting of white and a thick horizontal orange stripe, in addition to a large state- or province-themed picture, known as SuperGraphics. In 1945, at the age of 29, Leonard Shoen co-founded U-Haul with his wife, Anna Mary Carty, in the town of Ridgefield in the state of Washington. The company was started with an investment of ,000 from family friends Kenneth and Donald Shivers. He began building rental trailers and splitting the fees for their use with gas station owners who he franchised as agents. He developed one-way rentals and enlisted investors as partners in each trailer… More:
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