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 at Yale Ave. in Tulsa, Oklahoma has permanently closed after 38 years of operation. Opened in 1983, the store provided truck rentals, moving supplies, and other services. Customers are directed to the nearby U-Haul Moving & Storage of Midtown for all their needs. This facility offers extensive services including climate-controlled storage and professional hitch installations. The closure reflects strategic business decisions by U-Haul, driven by factors such as shifting demographics and consolidation of services. One employee was let go due to this closure.
U-Haul will transform a former Kmart building at 1500 Charleston Hwy., West Columbia, into over 700 indoor climate-controlled self-storage rooms to address rising customer demand. This adaptive reuse project involves a 100,984-square-foot facility, emphasizing U-Haul's commitment to sustainability by reducing the environmental impact associated with new constructions. The facility will offer high-tech security, affordable pricing, and extended access hours. U-Haul plans to hire at least 12 local team members, further contributing to community growth.
U-Haul plans to convert a two-story building at 2012 McHenry Ave. in Modesto into a self-storage facility. The project will create around 500 indoor climate-controlled storage rooms and a warehouse for U-Box® containers. The building was acquired on Oct. 5, 2021, to address increasing demand in the area. U-Haul emphasizes sustainability by repurposing existing structures to reduce energy use. This initiative is part of U-Haul's commitment to community investment and support during the COVID-19 recovery phase.
AMERCO (Nasdaq: UHAL) will report its second quarter fiscal 2022 financial results on November 3, 2021, after market close. An investor conference call is scheduled for November 4, 2021, at 8 a.m. Arizona Time (11 a.m. ET). The conference call may include forward-looking statements and will be archived for one year on the company's website. U-Haul, a subsidiary of AMERCO, operates over 23,000 locations across North America and offers a large fleet of trucks, trailers, and self-storage facilities.
U-Haul is set to open a new retail, moving, and self-storage facility in Gillette, Wyoming by 2023. The three-story structure will cover over 100,000 square feet and feature more than 700 climate-controlled self-storage rooms equipped with advanced security features. Currently, the nearest U-Haul facility is over 100 miles away in Casper. This development aims to meet increasing customer demand in the rapidly growing Gillette community, which has doubled in size in the past decade. U-Haul also plans to hire locally, promoting job growth in the area.
U-Haul is repurposing the old Rome Cinemas theater into a modern retail and self-storage facility, acquired on Sept. 28, 2021. Renovations will introduce 500 climate-controlled storage rooms with high-tech security, set to complete by spring 2022. The project will also create at least 12 jobs locally. U-Haul emphasizes sustainability through its adaptive reuse program, which aims to preserve community history while reducing unused building inventory. The facility will cater to residents and students near Berry College and Shorter University, meeting an increasing demand in the region.
U-Haul is developing a new retail and self-storage facility in Durango, Colorado, after acquiring 5 acres of land on October 1, 2021. The facility, expected to be completed by 2023, will feature over 80,000 square feet and more than 500 climate-controlled self-storage units with advanced security. This initiative aims to meet the demand for U-Haul services locally, as residents have previously traveled out of state for storage options. U-Haul plans to hire at least 10 team members locally to support job growth.
AMERCO (Nasdaq: UHAL) announced a special cash dividend of $0.50 per share on October 6, 2021. This dividend is set to be paid on October 29, 2021, to shareholders on record as of October 18, 2021. AMERCO, the parent company of U-Haul, operates in various sectors including insurance and real estate, and emphasizes sustainability through shared use.
U-Haul is now operating at the former Kmart store located at 255 Northgate Drive in Manteca, California. The company plans to add over 700 indoor climate-controlled self-storage rooms at this site. The facility, covering 107,318 square feet, will feature high-tech security and affordable pricing. U-Haul acquired this property on August 31, furthering its commitment to sustainability through adaptive reuse. The location will create at least 12 local jobs and will provide extended access hours for storage customers. U-Haul emphasizes its role as an essential service provider during the COVID-19 recovery.
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