Monday March 15, 2010 2:44 PM ET
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SmartMoney Magazine by Nkiru Asika Oluwasanmi (Author Archive)

10 Things Moving Companies Won't Say

Below is an excerpt from the book "1,001 Things They Won't Tell You," which was published in May 2009 and highlights popular columns from SmartMoney's long-running "10 Things" feature.


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1. “We’ll hijack your stuff.”

The moving industry packs in nearly 55 percent of its business during the summer months, but often leaves a trail of frustrated consumers in its wake. The Department of Transportation receives up to 4,000 household moving complaints annually, mostly about loss and damage, poor service, or overcharging. The Council of Better Business Bureaus, meanwhile, reports that complaints about movers jumped from nearly 3,800 in 1997 to more than 9,200 in 2007.

Just ask Spyro Malaspinas, a victim of a botched move. He says that Nation Van Lines, which he hired to move his belongings from Austin, Tex., to Chicago in January 2003, hiked his bill from an estimate of $1,050 to nearly $4,300. The movers, according to Malaspinas, said his goods measured 500 cubic feet more than anticipated. When Malaspinas threatened to call the police, the drivers made off with his possessions, which he estimates were worth $47,000. Despite an FBI investigation and the March arrest of Nation owner Eli Peretz by the FBI for alleged crimes with another moving company, Malaspinas wasn’t thrilled with the final results: He only got back around $25,000—and never saw his belongings again. The experience was “paralyzing,” he says. “It’s not like somebody stealing your wallet; they have stolen everything you’ve got.” (Peretz’s lawyer did not return our calls; Nation Van Lines has since gone out of business.)

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User Comments
JMBRNHK2

1 Comments
Does anyone know anything about JBK Transworld Moving and Storage Co? They are in the process of doing a job for me but I suddenly am beginning to have doubts about their authenticity. No one is following up to give me any information. What should have taken 4-6 weeks is now going on 2 months. What can I do in regards to taking action against them?
FreddyW

5 Comments
http://www.trianglemoving.com is a trustworthy local moving company in Durham
Minolpo

1 Comments
I hired Budget Van Lines to move my household goods from San Diego, CA to Jackson, TN. They handed the job to Energizer Moving & Storage 1055 E. Tropicana Ave. #450 Las Vegas, NV 89119 After the Penske truck was loaded I was shaken down by one of the two movers, Robert Quenlana. He increased the amount I owed plus asked for a personal check for $700 made out to him. I felt I had no choices, and was hoping that he would not steal my stuff if I gave him the check. I told him I felt like I was in a scene from the \"Sopranos\". Approximately 6 containers are missing. Some of these containers contained my desktop pc and flat screen monitor, a Boise radio, and many of my cherished personal items that can never be replaced, such as framed photos of my family and my 30 year Career Service Award from the Department of Defense.
My stuff is gone and all I could possibly retrieve is 60 cents a pound, which is nothing. I did not have insurance. This is not right, I gave these folks $4,949.00 to...(Read more of this comment)
Posted by: myhome.ie.editor
Interesting Post. I wrote a similar article on 10 Tips to Take the Pain out of Moving at http://www.myhome.ie/residential/advice-centre/1020-1020-1941/guide-to-moving-house.asp
Posted by: eldorh
Why does Smartmoney keep referring people to BBB to check Moving Companies. Consumer Report wrote an article some time ago warning it readers that BBB receives the majority of it money from business. So BBB is going to protect its cash cow.
In other words I don't and never have trusted BBB's opinions.
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