U-Haul Holding Company - UHAL STOCK NEWS

U-Haul is offering free safety inspections for propane cylinders at over 1,100 locations ahead of Independence Day. This initiative aims to ensure safe BBQ celebrations as propane sales typically increase around July 4. Customers can have their tanks inspected by certified technicians to check for leaks and damages. Propane tanks are qualified for 12 years from the manufacture date, and U-Haul provides options for requalification or purchasing new tanks. U-Haul emphasizes safety and sustainability in its propane services, reinforcing its position as the largest U.S. propane retailer.

U-Haul has invested over $7 million in the restoration of the Ford Island Control Tower at Pearl Harbor, commemorating WWII heroes. An interactive tour now offers 360-degree views of the historic site. The final restoration phase requires an additional $800,000, of which half is sought through donations. The renovations honor veterans, especially those connected to U-Haul, which was established by a Navy veteran. U-Haul continues to support veteran recruitment and charities. The project not only preserves history but also enriches visitor experience.

William E. 'Hap' Carty, the first employee of U-Haul and an industry innovator, passed away at 95. Carty joined U-Haul in 1946 and was instrumental in creating the one-way trailer rental concept, revolutionizing the do-it-yourself moving industry. He served as president and Chairman of the Board, expanding the dealership network to 15,000. Carty's legacy includes innovations in truck design and the establishment of the U-Haul Technical Center. His commitment shaped U-Haul into the leading self-moving company in North America, impacting lives across the network.

The U-Haul store in North Carlisle, which had been serving customers for 39 years, has closed as of May 31, 2022. The closure affects five employees and is part of U-Haul's strategy to adapt to evolving market conditions, including demographics and competition. U-Haul retains ownership of the 7,186-square-foot building and continues to offer services through its U-Haul Moving & Storage location at a former Kmart site. The company emphasizes its network of over 21,000 dealers in the U.S. and Canada to support DIY movers.

U-Haul plans to build a new moving and self-storage facility in Augusta, Georgia, set to open by June 2024. This four-story facility will feature over **700 climate-controlled self-storage rooms** and various services like truck rentals and moving supplies. The 10.76-acre property was acquired on June 14, 2022. U-Haul aims to address the growing demand for self-storage in the area, prioritizing local hiring and supporting the community. The company has a strong presence in North America with over **23,000 locations** and is recognized as a veteran-friendly employer.

U-Haul is set to open a new facility in Vernal, Utah, converting a former Kmart into over 700 climate-controlled self-storage rooms. The 93,357-square-foot space, acquired on June 13, is part of U-Haul's commitment to adaptive reuse and sustainability, minimizing environmental impact by repurposing vacant buildings. This facility will enhance local storage options with high-tech security and affordable prices while promoting job growth in the community by hiring at least 15 local team members. U-Haul has established 13 locations in Utah, expanding its presence and service offerings.

U-Haul is repurposing the former Kmart site at 1050 NW 38th St. in Lawton, transforming it into a facility with over 800 indoor climate-controlled self-storage units. This adaptive reuse project aims to enhance sustainability and reduce carbon footprint by utilizing existing structures. U-Haul acquired the property on May 26, 2022, and plans to create 800 ADA-accessible units equipped with modern security features. The move is part of U-Haul's commitment to community development, including the hiring of at least 20 local team members.

U-Haul has acquired 20 acres in Bozeman, Montana, for a new retail, moving, and self-storage facility, scheduled for completion in 2024. The multi-story building will feature over 100,000 square feet and at least 800 climate-controlled self-storage units with high-tech security. This expansion aligns with U-Haul's growth strategy and aims to cater to the increasing storage needs in Bozeman. The project also promises local job creation and supports community businesses through partnerships with independent U-Haul dealers.

As high fuel prices continue to impact families, U-Haul presents itself as a cost-effective moving solution during the peak summer moving season. With 45% of annual residential moves occurring between Memorial Day and Labor Day, U-Haul's base rental rates remain unchanged, appealing to budget-conscious customers. U-Haul operates over 23,000 rental locations across North America, minimizing travel and fuel costs. Their fuel-efficient truck designs, including aerodynamic features, can improve fuel economy by up to 25%. Customers can reserve equipment conveniently through uhaul.com.