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.
U-Haul is providing assistance to families affected by the Tunnel Fire in Coconino County by offering 30 days of free U-Box storage at its Flagstaff store. The fire has rapidly spread, affecting hundreds of households and growing to 16,625 acres with no containment. U-Haul's initiative aims to support those displaced by the disaster, allowing them to store their belongings at no cost. The offer remains available until the store's U-Box inventory is filled, with U-Haul emphasizing its commitment as an official American Red Cross Disaster Responder.
U-Haul has acquired two former Maine Storage Plus facilities as of February 28, 2022, to enhance moving and storage services in Hancock County. These locations will provide a total of 532 self-storage rooms, featuring climate control and advanced security. U-Haul aims to offer affordable storage solutions to local residents. Additionally, the company plans to hire locally and has a strong focus on employing veterans. This expansion signifies U-Haul's commitment to meet growing customer demands while supporting the Ellsworth community.
U-Haul is providing 30 days of free self-storage and U-Box container usage to residents affected by a five-alarm fire in Lawrence, Massachusetts, on April 16, 2022. The fire displaced 16 families and impacted multiple buildings on Crosby Street. U-Haul aims to support the community by offering secure storage while families begin rebuilding. Additionally, U-Haul is supplying moving materials and encouraging the public to participate in their Take a Box, Leave a Box program for reusable boxes. For more information, affected residents can contact U-Haul directly.
AMERCO (Nasdaq: UHAL) declared a special cash dividend of $0.50 per share on April 6, 2022. This dividend is payable on April 29, 2022, to shareholders on record as of April 18, 2022. AMERCO is the parent company of U-Haul and several insurance companies, operating a vast network of moving and storage solutions since 1945. The company's offerings include approximately 176,000 trucks, 126,000 trailers, and 855,000 storage units across 23,000 locations in North America.
U-Box, portable moving and storage containers, have been recognized as the best in the industry, receiving a 4.8 out of 5 stars from Forbes Home in its "Best Moving Containers Of 2022" ranking. Factors for this top position include high customer satisfaction, flexibility, and no cancellation fees. U-Box containers offer 257 cubic feet of storage and one-ton capacity, with availability in all states and global shipping options. U-Haul continues to support communities during COVID-19, ensuring safe delivery and enhanced cleaning protocols.
U-Haul acquired the former Bonanza Mini Storage facility in Las Vegas to enhance moving and storage services for local residents. The new U-Haul Storage at Bonanza, operational since December 13, features 155 rental units on nearly one acre, located just 2.5 miles from downtown. This eco-friendly expansion allows U-Haul to meet rising demand without new construction. Customers can access extended hours, reflecting U-Haul's commitment to quality service. The company emphasizes support for local dealers and essential services during COVID-19 recovery.
U-Haul Moving & Storage at Princeton & Candelaria closed its doors permanently on February 18, 2022, after 11 years of operation. This retail space, spanning 700 square feet, initially served DIY movers since 2011. U-Haul maintains ownership of the site, with a nearby location at U-Haul of Westside offering a full range of products and services. Despite the closure, U-Haul continues to support communities, providing essential services during the COVID-19 recovery. Four employees were impacted by the closure.
U-Haul has officially closed its fulfillment center at 1650 N. Topping Ave., with operations ceasing in late 2021. This facility, operational since 2008, distributed products across the U.S. and Canada, employing about 200 team members who have now been let go. U-Haul is transitioning to a new fulfillment center at 1800 Reynolds Ave. to support increased shipping demands, packing and shipping over 500,000 parts weekly. Reasons for the closure include strategic growth plans and operational efficiency.
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