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.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul, will release its fourth quarter fiscal 2021 financial results on May 26, 2021, after market close. An investor conference call and webcast is scheduled for May 27, 2021, at 8 a.m. Arizona Time (11 a.m. ET). These events may include forward-looking statements. The financial results will provide insights into U-Haul's performance in the DIY moving and self-storage industry, which serves a vast customer base across North America.
U-Haul is providing 30 days of free self-storage for residents affected by the Tussock Fire in Crown King, Arizona, following recent evacuation orders. The fire, which started recently, has prompted concerns for personal belongings, leading U-Haul to assist those in need at their Wickenburg location. U-Haul is also recognized as an official American Red Cross Disaster Responder and continues to serve communities during COVID-19 with contactless programs. The company operates 22,000 locations and offers nearly 774,000 storage units across North America.
U-Haul has acquired 4.49 acres in Goodyear, Arizona, for a new moving and self-storage facility, set to open in 2022. The $100 million project includes a three-story building of over 100,000 square feet, offering 700+ climate-controlled storage units and high-tech security. U-Haul aims to meet the growing demand from the area's expanding population. The facility will provide essential services, including truck rentals and moving supplies. U-Haul plans to hire at least 10 local team members, emphasizing job growth and community support.
U-Haul plans to transform the former Capitol Archives & Record Storage building in Hartford into a modern self-storage facility. The site, acquired on March 25, will feature 87,387 square feet of storage space with high-tech security and climate-controlled units. Renovations are expected to finish this summer. The company aims to address local demand for storage options while enhancing sustainability through adaptive reuse. U-Haul will also create at least 10 new jobs and continue its commitment to local hiring, particularly focusing on veterans.
U-Haul has launched 636 new self-storage units at 15 Pleasant St. Connector, Framingham, a site acquired in March 2018. The facility features indoor climate-controlled storage with advanced security and an indoor loading area. U-Haul aims to enhance the local community by repurposing vacant buildings, supporting sustainability initiatives that reduce carbon footprints. The 93,088-square-foot facility, previously occupied by Genzyme, showcases U-Haul's commitment to providing clean and secure storage solutions. U-Haul remains operational during the COVID-19 pandemic, ensuring safety through contactless services.
Collegeboxes®, a U-Haul division, is urging students to prepare for move-out by leveraging early packing and storage solutions to avoid congestion during finals and graduation. Two discount codes are available: STORE20 for 20% off summer storage and SHIP10 for 10% off shipping, valid from March 15 to April 15. This initiative promotes safety by minimizing campus foot traffic. Collegeboxes offers a range of services, including contactless pickups and direct shipping. U-Haul's extensive network supports these operations, ensuring efficient service across numerous universities.
U-Haul is offering 30 days of free self-storage to Hawaii residents affected by recent flooding caused by heavy rains. The initiative aims to assist those who have experienced damage to their homes. U-Haul's president in Hawaii, Kaleo Alau, emphasized the urgent need for self-storage during flooding emergencies. The offer is available for customers renting new units, pending vacancy. U-Haul is also an official American Red Cross Disaster Responder and maintains contactless business operations amid the COVID-19 pandemic.
U-Haul is establishing a modern retail and self-storage facility in Winona after acquiring the former Shopko store, a 84,540-square-foot property, on March 1. The new facility will feature hundreds of climate-controlled storage units with enhanced security, expected to open this summer. A temporary showroom has already begun operations, offering truck rentals and moving supplies. U-Haul aims to meet local demand for self-storage and promote job growth by hiring at least 20 local team members. This project aligns with U-Haul's sustainability initiatives, repurposing existing buildings to reduce the carbon footprint.
U-Haul has opened a new facility in Farmington, NM, at a former Kmart location, providing 600 indoor climate-controlled self-storage rooms. The adaptive reuse of the 94,137-square-foot property aims to meet the local need for climate-controlled storage, as there is currently no such facility in Farmington. The store will offer truck rentals, U-Box portable storage, and high-tech security features. U-Haul plans to employ at least 10 local team members, prioritizing veterans in the hiring process. This development aligns with U-Haul's sustainability initiatives.
U-Haul of Lake Forest closed its retail showroom and on-site services on Feb. 22, 2021, after 24 years of operation. The location, situated at 23211 Olive Ave., will maintain its retail building for future use but will no longer lease additional land. Customers can access services just 0.3 miles away at U-Haul Moving & Storage of Lake Forest, which offers a range of moving supplies, trailer sharing, and self-storage units. The closure resulted in the loss of 14 jobs. U-Haul remains operational during the pandemic with enhanced safety measures.
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