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 (UHAL) delivers integrated moving solutions through truck rentals, self-storage facilities, and related services. This news hub provides investors and industry observers with direct access to official corporate developments and market-moving updates.
Track all essential U-Haul announcements in one location, including earnings reports, strategic partnerships, and operational expansions. Our curated collection eliminates the need to monitor multiple sources, offering timestamped updates straight from company filings and verified media outlets.
Key coverage areas include innovations in logistics operations, storage facility growth, and customer service initiatives. The page also features analysis of regulatory filings and executive leadership updates that impact U-Haul's position in the transportation services sector.
Bookmark this page for streamlined monitoring of UHAL's business trajectory. Combine regular check-ins with portfolio tracking tools for complete investment awareness in the moving and storage industry.
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.
U-Haul has acquired the former 10 Federal Self Storage property located at 2215 Sedwick Road in Durham, N.C. The new facility, spanning 6.95 acres, includes climate-controlled and drive-up self-storage units, catering to the needs of local students and residents. This location is strategically located four miles from the Research Triangle Institute. U-Haul emphasizes environmentally friendly practices by repurposing existing buildings, avoiding new construction. The facility is now open, providing extended hours and various moving supplies to customers.
A new U-Haul retail and self-storage facility is set to open in Bradenton, Florida, after a recent 10-acre land acquisition on Sept. 24, 2021. Located at 14703 E. State Road 64, the facility will comprise a four-story building with over 100,000 square feet and more than 700 climate-controlled self-storage rooms. Completion is scheduled for 2023. The expansion aims to cater to the growing demand in the Lakewood Ranch area, with plans to hire at least 12 local employees.
On October 4, 2021, AMERCO (Nasdaq: UHAL) announced a private placement for $600 million in fixed rate senior unsecured notes with an average interest rate of 2.59%. The issuance consists of four tranches, each totaling $150 million, with varied due dates from 2029 to 2033. Chairman Joe Shoen emphasized that this capital will support growth in retail locations to enhance services for self-moving and self-storage customers across North America. These notes will not be registered under the Securities Act of 1933 and will not be offered in the U.S. without registration or exemption.
On October 4, 2021, U-Haul announced the closure of its Kargo Repair shop in Midwest City, Oklahoma, which had been operating since 1989. This decision is part of U-Haul's strategic plan to repurpose the 10,500-square-foot facility for self-storage expansion. The maintenance operations will be relocated to another facility in Oklahoma City. The closure will result in the loss of 22 jobs, but U-Haul continues to adapt its services amid the ongoing COVID-19 recovery, ensuring customer safety with enhanced protocols.
U-Haul has acquired another one million gallons of renewable propane for its California stores, ensuring a continuous supply into 2022. This marks the second consecutive year U-Haul has made this purchase, working with national distributor Suburban Propane. The initiative supports California's clean fuel policies without passing cost increases to customers. Renewable propane has a lower carbon intensity than traditional propane, contributing to a reduction of 5 million tonnes of greenhouse gas emissions for every million gallons sold. U-Haul promotes sustainability through eco-friendly initiatives.
U-Haul announced plans for a new retail and self-storage facility in Orlando, located at 5150 S. Orange Blossom Trail, after acquiring 6.04 acres on September 24, 2021. The facility, set to open in 2023, will feature climate-controlled storage units, a retail showroom, and U-Box® containers. It aims to meet the increasing demand for moving and storage services in a booming Florida market. U-Haul plans to hire at least 12 local employees and continue to support the community during the construction phase with nearby services.
U-Haul has acquired a 10.57-acre site in St. Augustine, aiming to develop a state-of-the-art moving and self-storage facility. The U-Haul Moving & Storage of Palencia, set to open in 2022, will include over 130,000 square feet and 800 climate-controlled storage units with advanced security features. The facility's strategic location off Highway 1 caters to the growing population in the area, predicted to drive demand for moving and storage services. U-Haul plans to employ at least 12 local team members and emphasizes its commitment to community support.
