U-Haul 2006 Annual Report Download - page 126
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In fiscal 2007 we are working towards increasing transaction volume, product mix and utilization for self-moving
equipment rentals. Investing in our truck fleet is a key initiative to reach this goal. Over the past year we have
placed over 14,300 of our large and mid-size rental trucks in service, along with approximately 3,000 new trailers
and approximately 1,200 pickup trucks and cargo vans. We continue to manufacture our large and mid-size rental
trucks and expect to produce approximately 15,000 additional vehicles and 4,200 additional trailers during the next
year. This investment is expected to increase the number of rentable equipment days available to meet our customer
demands and to reduce future spending on repair costs and equipment downtime. In fiscal 2007 we are working
towards increasing our storage occupancy at existing sites, adding new affiliates and building new locations. We
believe that additional occupancy gains in our current portfolio of locations can be realized in fiscal 2007. We
continue to add new storage affiliates through our eMove Storage Affiliate program and plan for growth in this
program in fiscal 2007. Additionally, we are developing new facilities that will increase our overall capacity in
future years.
At RepWest, our plans to exit non U-Haul related lines of business are progressing well. Additionally, RepWest
will continue to provide loss adjusting and claims handling for U-Haul and underwrite components of the Safemove,
Safetow and Safestor protection packages to U-Haul customers.
At Oxford, the recent ratings upgrade by A.M. Best in October 2005 to B+ should support the expansion of its
distribution capabilities.
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