Welcome to our dedicated page for U-Haul Holding Company news (Ticker: UHAL), a resource for investors and traders seeking the latest updates and insights on U-Haul Holding Company stock.
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.
The U-Haul store at 610 S. Broadway in Edmond, OK is set to close on February 4, 2023, after 12 years of operation. The closure will affect eight employees. Customers can access services at a new location at 915 S. Broadway, which opened in September 2022, offering an array of moving supplies and climate-controlled storage options. The new location spans 6.4 acres, significantly larger than the previous site. U-Haul continues to seek avenues for growth, occasionally leading to store closures. Local dealers remain available to assist customers in the Edmond area.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) has announced it will report its third quarter fiscal 2023 financial results after market close on February 8, 2023. An investor conference call is scheduled for February 9, 2023 at 8 a.m. Arizona Time (10 a.m. ET). The company is recognized as a leader in the do-it-yourself moving sector with over 23,000 locations and a fleet of approximately 186,000 trucks. U-Haul also stands out as the third largest self-storage operator in North America and has been honored as one of the 15 Healthiest Workplaces in America.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) will ring the Opening Bell at the New York Stock Exchange on January 24, 2023, celebrating its name change and the listing of both stock series. Key executives, including Royal Shoen, granddaughter of co-founders, will participate in the event. Founded in 1945, U-Haul is the leading choice for do-it-yourself movers, boasting over 23,000 locations across the U.S. and Canada. The company's fleet includes around 186,000 trucks and 128,000 trailers, making it the largest propane retailer in the U.S. and the third largest self-storage operator in North America.
U-Haul is providing disaster relief to California residents affected by recent flooding. Ten U-Haul locations in California are offering 30 days of free self-storage and U-Box container usage to those impacted. The initiative comes in response to extensive storm damage that has left many communities with standing water and destroyed infrastructure. U-Haul aims to assist individuals in their recovery efforts by making storage available while supplies last. U-Haul operates over 23,000 locations and is recognized as a leading provider in the self-storage industry.
U-Haul is set to host a grand-opening event for its new retail and indoor self-storage facility in Fort Walton Beach, Florida, on January 11 from 10 a.m. to 12 p.m. The 138,000-square-foot facility includes nearly 800 storage units with advanced security and climate control. The event will feature a free BBQ lunch and tours of the facility. U-Haul acquired the property in 2019 and has since renovated it, resulting in significant sustainability benefits. The company aims to hire at least 20 local employees as part of its commitment to community growth.
The latest U-Haul Growth Index highlights Ocala, Florida, as the top growth city for one-way U-Haul customers in 2022, with a 6% increase in arrivals and only a 1% increase in departures. This marks the third consecutive year a Florida city has held this title, attracting over 53% of truck traffic from arrivals. Four Florida cities, including Palm Bay and North Port, are also in the top 25. The U-Haul index reflects migration trends based on net gains of one-way truck movements, underscoring Florida's appeal amid broader migration patterns.
The U-Haul Growth Index reveals that Texas, Florida, and the Carolinas continued to lead as top destinations for one-way U-Haul truck rentals in 2022. Texas ranked first for the second consecutive year, while Florida secured second place. In contrast, California and Illinois experienced significant outflows, ranking 50th and 49th, respectively. Despite strong demand for U-Haul rentals in these states, overall DIY moves slightly decreased compared to 2021. U-Haul's data, derived from over 2 million transactions, reflects ongoing migration trends, especially towards the Southeast and Southwest regions.
On December 7, 2022, AMERCO (Nasdaq: UHAL, UHALB) announced a quarterly cash dividend of $0.04 per share for its Series N Non-Voting Common Stock. The dividend is payable on December 30, 2022, to shareholders recorded by December 19, 2022. This marks the company's first dividend under the new policy established on October 25, 2022, which aims to issue quarterly cash dividends starting in fiscal 2023. Additionally, AMERCO will transition to the New York Stock Exchange on December 19, 2022, coinciding with its official name change to U-Haul Holding Company.
AMERCO (Nasdaq: UHAL, UHALB) will transfer its stock listing to the NYSE from Nasdaq, effective December 19, 2022. Along with this transfer, the company will change its name to U-Haul Holding Company. The decision, approved by an Independent Special Committee, aims to enhance stock visibility and marketability.
The Voting Common Stock 'UHAL' and Non-Voting Common Stock 'UHALB' will trade on the NYSE under the same symbols. Additionally, a dividend policy of $0.04 per share for 'UHALB' has been announced, while 'UHAL' currently has no regular dividend.
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