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Saturday, September 05, 2020

U-Haul prices jump amid high-tax city, state exodus

U-Haul prices are starting to reflect growing demand among residents to leave high-tax cities and states during the coronavirus pandemic, costing individuals more to flee these populated areas than to move there.

Take for example a move from:
Manhattan to Virginia Beach: $722
As opposed to a move from:
Virginia Beach to Manhattan: $275

A spokesperson from U-Haul declined to comment on specific migration patterns, but did say prices often reflect ongoing trends

“When there is a substantial difference in pricing for the same one-way equipment, and for the same dates, between two markets, it is reasonable (and generally accurate) to conclude there is far greater demand for one-way equipment in the market reflecting higher costs for departures,” the spokesperson said.

2 comments:

Anonymous said...

GOOD. Why not get these libutards in the pocket?? They voted for these fool's that are making them leave. The only problem with that ?? They will bring their libutard ideas to the place they move to.

Anonymous said...

Just like every other trucking company on the road. Cartage is less expensive to areas that need TRUCKS for outbound freight. Likewise, areas that have a oversupply of trucks due to more inbound freight than outbound freight (like the Eastern Shore), will have cheaper transportation costs. No surprise with Uhaul rates. Uhaul rates, one way, have always been determined by where the trucks are, and where they are needed. Basic business practices in the transportation business. It was like that 30 years ago when I entered the supply chain transportation business, and it is the same now. Predictable and anyone could see it coming with NY.

Hurricanes and natural disasters always disrupt the supply chain for trucks as trucks will all move in the direction of the damaged areas, for a premium price. Loads back out of the damaged areas are non-existant, so shippers have to pay for sending freight in, and then pay the trucker to leave empty to another area to find a load. Trucking gets VERY expensive after these disasters due to the imbalance between supply and demand.