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 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.
U-Haul is set to establish a new retail, moving, and self-storage facility in Los Lunas, New Mexico, covering 9.81 acres. Scheduled for completion in 2023, the three-story building will feature over 90,000 square feet and more than 650 climate-controlled, ADA-accessible storage units. This facility addresses the growing demand for quality storage options in the area, as the nearest full-service store is 26 miles away. U-Haul aims to enhance customer accessibility and plans to hire locally to support job growth.
U-Haul has appointed Eric Keosky-Smith as the new Director of Strategic Digital Marketing, part of its expansion strategy to enhance digital presence. Keosky-Smith previously served as Chief Growth Officer at Hownd, Inc., and has extensive experience in both local and European markets. His primary focus will include boosting the company's Moving Help and CollegeBoxes services. This hire follows the appointment of Carrie Martz as an Advisory Board Member, who brings over 35 years of branding experience. U-Haul aims to leverage top talent for continued growth in the DIY moving sector.
U-Haul of North Charleston has permanently closed its facility after 42 years of operation. The 1,900-square-foot location ceased service on December 7, 2021, resulting in the layoff of two team members. U-Haul will retain ownership of the building. The closure is part of U-Haul's ongoing strategy to adapt to changing demographics and operational requirements while continuing service at 10 other locations in West Virginia. U-Haul remains committed to supporting communities during the COVID-19 recovery with enhanced cleaning protocols.
AMERCO (Nasdaq: UHAL) has announced a private placement agreement for $600 million of fixed rate senior unsecured notes with a weighted average interest rate of 2.71%. The notes are structured in five tranches, with amounts ranging from $100 million to $150 million and varying due dates from 2029 to 2035. The company plans to use the proceeds to support its expansion plans. The notes have not been registered under the Securities Act of 1933, restricting their sale in the U.S. and other jurisdictions.
U-Haul has opened a new location, Moving & Storage of Iwilei, at the historic American Cannery Co. building in Honolulu, acquired on Nov. 22. The facility, the fourth full-service center on Oahu, will soon offer over 700 climate-controlled storage units, towing equipment, and professional hitch installation. U-Haul aims to preserve the building's original character while employing sustainable practices by repurposing old structures. President Kaleo Alau emphasized the importance of community hiring and the company's commitment to COVID-19 safety protocols.
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