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U-Haul Holding Company (symbol: UHAL) is a prominent American enterprise specializing in the rental of trucks, trailers, and self-storage space. Founded in 1945, the company has firmly established itself as the No. 1 choice of do-it-yourself movers with over 23,000 rental locations across the United States and Canada. U-Haul’s wide array of services includes moving truck and trailer rentals, self-storage units, moving boxes, and packing supplies. Additionally, the company provides LPG (propane) refills, trailer hitch and wiring installation, and storage container rentals.
U-Haul operates through three key segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment, being the most significant, contributes the majority of its revenue. The company’s fleet boasts impressive numbers, including 192,200 trucks, 138,500 trailers, and 44,500 towing devices. U-Haul is also the third-largest self-storage operator in North America, overseeing 967,000 rentable units and 83.3 million square feet of self-storage space.
U-Haul continues to expand its reach with several ambitious projects. Recently, U-Haul announced the development of new retail, moving, and self-storage centers in Junction City, Kansas, and Lake Ozark, Missouri. These centers will feature climate-controlled storage units, truck and trailer sharing, and U-Box portable storage containers. Additionally, U-Haul has acquired properties in Webster, New York, and Decatur, Alabama, further enhancing its service capacity in these regions.
The company actively promotes sustainability. Its shared-use business model allows communities to share moving equipment, reducing the need for large-capacity vehicle ownership. U-Haul’s Adaptive Reuse program, which repurposes existing buildings, along with innovations like fuel-efficient truck modifications and recyclable Ready-To-Go Boxes, underscores its commitment to green business practices. Recently, its U-Box Load Share program was awarded the 2023 Best in Biz gold for being the Most Environmentally Friendly Service of the Year.
U-Haul is also a significant employer, recognized as a Best for Vets employer by The Military Times. It actively recruits veterans and promotes job growth in local communities, planning to hire locally for new projects in various locations. The company’s enhanced app facilitates easy access to its services, allowing customers to reserve equipment and manage rentals conveniently through their smartphones.
For more information about U-Haul and its wide array of services, visit their official website or download the U-Haul app from the App Store or Google Play.
U-Haul has permanently closed its Zanesville store at 618 S. Pine St. on December 8, after 46 years of operation since 1978. The closure resulted in the layoff of eight Team Members. The company will retain ownership of the 1,680-square-foot building on a half-acre lot and plans to lease it out. Customers are being redirected to Ohio's newest moving and self-storage center at 3742 Northpointe Drive. The facility, which was originally a gas station before being converted to a U-Haul location, provided self-move services and hitches to the Zanesville community.
U-Haul has opened its 80th Ohio store in Zanesville on December 10, located at 3742 Northpointe Drive near Colony Square Mall. The new facility, built on a five-acre property acquired in 2022, features a four-story complex with 996 self-storage units, including heated and climate-controlled rooms with high-end security features. The facility also includes a warehouse for 735 U-Box containers, truck and trailer rentals, retail showroom, and professional hitch installation services.
This new center replaces the company's previous 46-year-old location at 618 S. Pine St. The facility is hiring up to 12 Team Members and plans to add a propane refill station in the future.
U-Haul Holding Company has acquired the 548,938-square-foot 20 E. Thomas Road skyscraper in Midtown Phoenix, which will become the new headquarters for U-Haul International. The building, now named The U-Haul Tower, is the third tallest in Phoenix at 397 feet and 25 floors. The company plans a 24-month transition of its field-support teams from their current location at 2727 N. Central Ave. U-Haul, which employs 1,600 Team Members at its Midtown Campus and over 34,000 across North America, has been headquartered in Phoenix since 1967. The acquisition represents a significant expansion of U-Haul's Midtown Campus, which includes the recently opened Shoen Family Conference and Fitness Center.
U-Haul has completed the transformation of a former Kmart building in Lima, Ohio, into a new full-service moving and storage facility. The 104,685-square-foot facility at 2200 Allentown Road opened on November 18, 2023, featuring 700 indoor climate-controlled storage units with high-tech security. The 13.4-acre property acquisition includes an adjacent retail shopping plaza, where U-Haul will continue leasing space to existing tenants while serving as the anchor store.
This facility represents a significant upgrade from their previous location, offering 20 times more capacity. The renovation aligns with U-Haul's Adaptive Reuse program, which prevented approximately 782 tons of metal manufacturing and 5,007 tons of concrete usage, while avoiding 8,939 tons of demolition debris and 5.19 million pounds of greenhouse gas emissions.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) has declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B). The dividend will be paid on December 27, 2024 to shareholders of record as of December 16, 2024. This marks the ninth dividend distribution since the company introduced its dividend policy in October 2022.
U-Haul has opened its first retail, moving and storage center in Rocky Mount, North Carolina, expanding services to Nash and Edgecombe Counties. The facility at 131 S. Wesleyan Blvd was acquired on November 20 and features 457 indoor climate-controlled storage units. The 8.59-acre property offers truck and trailer sharing, a retail showroom, and green initiatives. Future plans include outdoor drive-up storage units and U-Box portable containers. This marks U-Haul's 49th company-owned location in North Carolina. The facility operates seven days a week and plans to hire two team members to support operations.
U-Haul has expanded its presence in Kingsport, Tennessee with the acquisition of the former All Season Storage property at 4303 Fort Henry Drive. The 0.75-acre facility, now called U-Haul Storage of Fort Henry Drive, was acquired on Nov. 12 and represents the company's 49th owned store in Tennessee. The property features two single-story buildings containing over 300 climate-controlled storage rooms, a covered drive-in load/unload area, and is strategically located near Interstates 81 and 26. The facility operates daily from 5 a.m. to 10 p.m. and implements green initiatives like the Take A Box, Leave A Box program.
U-Haul has announced plans to open a new retail, moving and self-storage center in Oakland, Maryland by January 2026. The facility, named U-Haul Moving & Storage of Deep Creek Lake, will be built on a recently acquired 2.5-acre property. The four-story building will feature 980 self-storage units with high-tech security, offering both climate-controlled and non-climate-controlled options. The facility will provide truck and trailer sharing, hitch installation, towing accessories, a retail showroom, and a covered load/unload area. The company plans to hire up to 10 local team members upon completion, with veterans receiving hiring preference.
U-Haul® has acquired a former Extra Space Storage® facility in Minneapolis, marking its fourth retail, moving and storage center in the city and 39th company store in Minnesota. The facility at 1717 W. River Road N. opened on November 19, featuring 975 indoor climate-controlled and heated self-storage rooms. The two-story building, situated on 2.63 acres, offers covered drive-in load/unload areas and will soon provide access to U-Haul moving trucks, trailers, and moving supplies. The company plans to hire up to eight Team Members to staff the facility, prioritizing local hiring to promote job growth in Minneapolis.
U-Haul has opened a new self-storage facility in Biloxi, Mississippi at 12011 Old Highway 67. The facility, acquired on Sept. 26 and opened on Oct. 1, features 344 indoor climate-controlled storage units. This marks U-Haul's first owned and operated store in Biloxi and 14th in Mississippi. Located near Interstate 10 and MS Highway 15, the facility includes a retail showroom for boxes and moving supplies. Future services will include moving trucks, trailers, towing devices, and propane tank exchange. The facility plans to hire four team members and operates Monday-Saturday, 8 a.m.-4 p.m.
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