PHOENIX and BLOOMINGTON, Minn., Feb. 1, 2017 /PRNewswire/ -- Minnesota is the No. 3 U.S. Growth State for 2016, according to the latest U-Haul migration trends report.
Minnesota rose nine spots from its No. 12 growth ranking for 2015. Its year-over-year arrivals of one-way U-Haul truck rentals went up 1 percent last year while its departures held steady.
Arrivals accounted for 50.9 percent of U-Haul traffic in Minnesota in 2016 thanks to locations like St. Paul, Mankato, Alexandria and Apple Valley, the cities to pace the net gain of one-way U-Haul trucks. St. Paul ranks ninth among U.S. Growth Cities for locations with a population of more than 50,000.
Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.
"Minnesota is growing very well as a whole," said Christopher Bohlman, U-Haul Company of Southern Minnesota president. "We have a strong, healthy economy. The unemployment rate is extremely low and houses are being built in the suburbs."
U-Haul grew its truck and trailer inventory in Minnesota in 2016 as the Company opened 46 new neighborhood dealers and posted a net gain of 12 dealers across the state.
"U-Haul provides the community with the right moving equipment at the lowest cost," said William Piette, U-Haul Company of Northern Minnesota president. "We keep growth moving toward the state and within the state."
Find U-Haul stores and neighborhood dealers in Minnesota at uhaul.com/locations.
U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces. The geographical coverage from more than 21,000 U-Haul locations, including neighborhood dealers and Company-owned and -operated stores, provides a comprehensive overview of where people are moving like no one else in the industry.
Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 21,000 locations across all 50 states and 10 Canadian provinces. U-Haul customers' patronage has enabled the U-Haul fleet to grow to more than 139,000 trucks, 108,000 trailers and 38,000 towing devices. U-Haul offers more than 536,000 rooms and more than 50 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest installer of permanent trailer hitches in the automotive aftermarket industry and is the largest retailer of propane in the U.S. www.uhaul.com
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