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 has officially commenced operations at its new fulfillment and distribution center located at 1800 Reynolds Ave., Kansas City, expanding its operational footprint. The 410,000-square-foot facility enhances U-Haul's distribution capabilities for truck parts and moving supplies across North America. This significant investment reflects U-Haul's commitment to sustainability through adaptive reuse of existing structures. The center aims to employ at least 220 individuals, underscoring U-Haul's support for local job creation.
AMERCO (Nasdaq: UHAL) reported robust financial results for its third quarter ending December 31, 2021, with net earnings of $281.5 million ($14.35 per share), up from $183.0 million ($9.33 per share) year-over-year. For the nine-month period, earnings reached $1,036.5 million ($52.86 per share), compared to $537.1 million ($27.39 per share) last year. Key revenue drivers included a 21% increase in self-moving equipment rental revenues and a 30% rise in self-storage revenues. Despite challenges in vehicle acquisition, productivity improvements were emphasized.
U-Haul announced plans to transform the former Maiers Transport & Warehousing facility at 700 54th Ave into a comprehensive retail, moving, and self-storage center in St. Cloud, Minnesota. The adaptive reuse project will feature approximately 650 climate-controlled storage units equipped with advanced security features and will promote local job creation by hiring at least 10 team members. U-Haul acquired the property on Dec. 28, 2021, as part of its commitment to sustainability and community support. The facility aims to meet the growing storage needs of the west side of St. Cloud.
U-Haul will establish a new retail, moving, and self-storage facility at 8200 Jefferson St., Albuquerque, scheduled to open by the end of 2023. The three-story building will feature climate-controlled self-storage, outdoor storage units, and U-Box portable storage containers. Offering over 700 ADA-accessible self-storage rooms, the facility will include U-Haul truck rentals and moving supplies. U-Haul acquired the property on Dec. 30, and plans to hire at least 12 local employees. This expansion aims to meet the demand for affordable self-storage in the area.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul, will release its third quarter fiscal 2022 financial results after market close on February 9, 2022. An investor conference call is scheduled for February 10, 2022, at 8 a.m. Arizona Time (10 a.m. ET). The call and webcast may contain forward-looking statements. Investors can access the archived call for a year on www.amerco.com.
U-Haul is transforming a former Kmart building located at 2450 Foothill Blvd. in Rock Springs, Wyoming, into over 700 climate-controlled self-storage rooms. This initiative aims to meet local demand and aligns with the company's sustainability goals. The facility will offer advanced security features and affordable pricing, enhancing customer access with extended hours. U-Haul, which acquired the 8.19-acre property on December 17, 2021, plans to hire at least 12 local employees and continues to support small businesses through dealer partnerships.
U-Haul plans a new retail, moving, and self-storage facility in Elizabeth City, N.C., set for completion by 2024. The 18.6-acre site, acquired on January 13, will feature a three-story building with over 100,000 square feet and more than 700 climate-controlled self-storage rooms. This facility aims to meet the local demand for storage and moving services, as the nearest full-service store is in Chesapeake, Virginia. U-Haul will also hire locally, focusing on job growth within the community.
U-Haul has acquired nearly nine acres of land in Danville, Virginia, to develop a new retail, moving, and self-storage facility, scheduled for completion in 2023. The multi-story building will exceed 100,000 square feet and feature at least 700 indoor, ADA-accessible self-storage units with climate control and advanced security. This expansion aims to meet growing local demand and create 15 local job opportunities. U-Haul's commitment to the community includes offering necessary moving supplies and services to residents, strengthening its presence in the area.
U-Haul reports that Texas was the leading growth state in 2021, outpacing Florida. The rankings are based on the net gain of one-way U-Haul truck transactions, with Texas's arrivals increasing by 19% compared to the previous year. Following Texas and Florida, Tennessee, South Carolina, and Arizona rounded out the top five. In contrast, California and Illinois experienced the highest net losses, remaining 50th and 49th, respectively. U-Haul's migration data reflects ongoing shifts influenced by economic factors and cost of living.
U-Haul Company of Northern Colorado is providing 30 days of free self-storage to residents impacted by the Marshall Fire in Boulder County. The fire has resulted in the evacuation of thousands, destroying over 1,000 homes. U-Haul aims to assist during the recovery process with secure storage solutions. The initiative is part of U-Haul’s commitment to community support, which includes collaborating with local efforts to collect food and supplies for displaced residents. This disaster relief program emphasizes U-Haul's role as an essential service provider during emergencies.
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