U-Haul 2007 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2007 U-Haul annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

43
F
h in the U-Move program could
co
ized in fiscal 2008. The Company continues to evaluate new moving and storage opportunities
in
Haul and underwrite components of
th
licies. As part of this strategy, Oxford is attempting to grow its agency force and
develop new product offerings.
iscal 2008 Outlook
In fiscal 2008, we are working towards increasing transaction volume and improving pricing, product mix and
utilization for self-moving equipment rentals. Investing in our truck fleet is a key initiative to reach this goal.
During fiscal 2007, the Company added over 22,500 new trucks and nearly 2,000 new trailers to our existing rental
fleet. Our plans include manufacturing all sizes of our boxed trucks and adding to our pickup and cargo van fleet.
Our current expectation is to continue adding new trucks to the fleet at a similar rate for fiscal 2008. 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. Revenue growt
ntinue to be adversely impacted should we fail to execute in any of these areas.
In fiscal 2008, we are also working towards increasing our storage occupancy at existing sites, adding new eMove
Storage Affiliates and building new locations. We believe that additional occupancy gains in our current portfolio of
locations can be real
the market place.
RepWest will continue to provide loss adjusting and claims handling for U-
e Safemove, Safetow and Safestor protection packages to U-Haul customers.
Oxford is pursuing its goals of expanding its presence in the senior market through the sales of its Medicare
supplement, life and annuity po