Moving and Storage Business News

The News Review:

- U-Store-It Trust may be moving headquarters to Pennsylvania
- Public Storage Can Help Take Advantage of Housing Crisis
- Cache-A Licenses Quantum’s A-Series Storage Technology for …
- Attorney General Reaches Settlement with Jacksonville Moving Company

U-Store-It Trust may be moving headquarters to Pennsylvania
The Plain Dealer – cleveland.com OH 
The self-storage company’s executive offices in Suite 2800 of the Terminal Tower downtown are listed as available for lease on the Web site for brokerage firm CB Richard Ellis. A few years ago the self-storage business employed hundreds of people at a corporate headquarters in Middleburg Heights. U-Store-It moved to the Terminal Tower in mid-2007. Now fewer than 25 employees work in roughly 8600 square feet on the tower’s 28th floor. Most office employees work in Baltimore and in Wayne a city in Northeast Pennsylvania near the New York border.
Related from Wateresources: Aqua Pennsylvania Joins Partnership for Safe Drinking Water

Public Storage Can Help Take Advantage of Housing Crisis
Seeking Alpha NY 
One of the fundamental problems in our economy has been that Americans bought more house than they could afford when times were good. Now that times are tough many homeowners are in over their head. Public Storage being the largest self storage company is uniquely positioned to take advantage of this sad phenomenon. As people are forced to downsize many if not most will need storage facilities for their extra furniture etc. Ockham views PSA’s current Cash Earnings multiple as significantly below its historical average as calculated by our proprietary model. It is important to compare PSA’s current Cash Earnings multiple to that metric’s historical highs and lows in order to identify the current relative attractiveness of the stock to value investors. With a historical high Price-to-Cash Flow of 49.

Cache-A Licenses Quantum’s A-Series Storage Technology for …
MarketWatch 
Cache-A’s productroadmap extends the A-Series technology to future-generation LTO tape drivesand across a variety of product offerings. About Cache-A Corporation Founded in 2008 Cache-A Corporation is dedicated to the development ofinnovative low-cost backup archive and recovery solutions for professionalvideo file-based workflows. The company’s founders — Phil Ritti Mark Ostlundand Tom Goldberg — were key members of the A-Series development sales andmarketing team and have extensive experience in providing innovative solutionsfor professional video customers.

Attorney General Reaches Settlement with Jacksonville Moving Company
North Florida NewsDaily FL 
The settlement with Father & Son Moving and Storage of Jacksonville Inc. resolves allegations the company used misleading advertising failed to deliver furniture and other possessions at the prices promised and failed to disclose certain items on its contracts. Under the settlement the company must reform its business practices including its marketing tactics and the composition of its contracts. The investigation revealed through dozens of consumers’ complaints with the Attorney General’s office and the Better Business Bureau that the final prices charged at the end of customers’ moves were greater than the original estimates. Consumers were also told they had waived their rights to file claims for losses or damages after signing the "Delivery Acknowledgment" on the Bill of Lading a standard industry form used by all movers.