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 is providing 30 days of free self-storage and U-Box container usage to Texas residents affected by severe winter storms and power outages. This disaster relief program is available at 171 U-Haul facilities across Texas, helping those experiencing water damage from burst pipes. The offer applies to new rentals and is subject to vacancy. Additionally, U-Haul is ensuring propane supply amidst demand spikes due to rolling blackouts. As an American Red Cross Disaster Responder, U-Haul remains committed to supporting communities in need.
Freezing temperatures and rolling power outages have prompted many U.S. residents to seek warmth through propane heaters. U-Haul emphasizes the importance of safety when using these devices indoors, warning against bringing outdoor heaters inside due to risks of fire. Steve Dudley, U-Haul's VP of Retail Sales, highlighted the ample supply and affordability of propane, as the U.S. is the largest refiner globally. U-Haul, the leading U.S. propane retailer since 1987, provides propane at over 1,150 locations, despite some delivery delays in the Dallas-Fort Worth area.
U-Haul Storage of Roswell has permanently closed after 43 years of service. This location, operational since 1978, will be replaced by a new facility at 1705 S. Main St., a repurposed Kmart site. The move aims to enhance customer services, offering truck rentals, indoor storage, and more. U-Haul maintains ownership of the original property for future leasing. Seven team members were let go due to the closure. The company remains committed to sustainability by repurposing buildings, reducing environmental impact, and continuing operations as an essential service provider during COVID-19.
AMERCO (Nasdaq: UHAL) reported a significant increase in net earnings for Q3 of fiscal 2021, reaching $183.0 million or $9.33 per share, up from $30.9 million or $1.58 per share year-over-year. For the nine months ending December 31, 2020, net earnings climbed to $537.1 million, a 68% increase compared to the previous year. Self-moving equipment rental revenues surged 30% to $186.7 million, while self-storage revenues rose 15%. The company also declared a $2.00
U-Haul has acquired the former Southern Illinoisan newspaper building in Carbondale, transforming it into a self-storage facility. The acquisition, completed on January 29, 2021, involves a 48,106-square-foot structure on 3.25 acres. Approximately 400 climate-controlled storage rooms with advanced security features will be available post-renovation, slated for spring 2021 completion. U-Haul's initiative aligns with its sustainability goals, reusing existing buildings to lower carbon footprints and serve community needs.
U-Haul is transforming a former metal scrapyard at 7300 E. Adobe Drive in Scottsdale into a retail and self-storage facility. Acquired on Nov. 25, the site will offer truck and trailer sharing, U-Box® containers, and a retail showroom with moving supplies. The expansion is in response to North Scottsdale's growing population, which is driving demand for self-storage. U-Haul plans to hire 20 local team members. The company emphasizes safety protocols during the COVID-19 pandemic.
U-Haul is providing 30 days of free self-storage to residents affected by the recent tornado and severe storms in central Alabama. This initiative aims to assist individuals in Fultondale and surrounding areas as they begin recovery efforts. U-Haul locations will serve as a secure place to store belongings during this challenging time. The company's president, Scott Fall, emphasized the importance of community support. U-Haul is also recognized as an official American Red Cross Disaster Responder, reinforcing its commitment to aiding communities in need.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul, plans to announce its third quarter fiscal 2021 financial results after market close on February 3, 2021. An investor conference call will take place on February 4, 2021, at 8 a.m. Arizona Time (10 a.m. ET). This call may include forward-looking statements and will be archived for one year on the company’s website.
U-Haul has announced that North Port, Florida, is the top growth city in the U.S. for 2020 based on migration trends. The area experienced a 40% increase in one-way U-Haul truck arrivals compared to 2019, representing 62.3% of local traffic. Kissimmee and Port St. Lucie also ranked highly, reflecting Florida's strong moving trends. U-Haul's data, derived from over 2 million one-way truck transactions, highlights the appeal of these cities amid the pandemic. The report underscores the growth potential in regions like North Port, supported by economic factors and lifestyle amenities.
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