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), parent company of U-Haul, will release its first quarter fiscal 2021 financial results on August 5, 2020, after market close. An investor conference call is scheduled for August 6, 2020, at 8 a.m. Arizona Time (11 a.m. ET). U-Haul, founded in 1945, is a leader in do-it-yourself moving and self-storage with over 22,000 locations across the U.S. and Canada, offering a wide range of services including the largest shared fleet of moving vehicles. The company emphasizes sustainability through its fuel-efficient products and recycling initiatives.
U-Haul has opened a new storage facility at 451 S. River Road in Bedford, NH, providing nearly 1,000 self-storage units, including 884 indoor climate-controlled and 95 outdoor drive-up units. This facility features high-tech security and a convenient location near the Manchester Regional Airport. U-Haul plans to hire 25 local team members and aims to support community job growth. As an essential service, U-Haul continues to offer contactless services during COVID-19. The facility also provides truck and trailer sharing, portable storage options, and a retail showroom for moving supplies.
U-Haul Moving & Storage of Sierra Vista will permanently close on July 20, 2020, after serving the Cochise County area since 1984. The property will be leased to a new tenant while maintaining ownership. Customers can access U-Haul products 1.2 miles away at the Veterans Park location, acquired in 2018, which offers various moving and storage services. This closure will result in the loss of three U-Haul Team Members. U-Haul continues to operate amidst COVID-19, implementing safety protocols. For more details, visit uhaul.com.
U-Haul has announced the upcoming closure of its store located at 32 W. Ajo Way in Tucson, which has been in operation since 1976. The facility will cease retail operations in the coming weeks, and its self-storage customers will be relocated to a new store approximately two miles away at 1265 E. Benson Hwy, which is set to open on July 20. This closure will result in the loss of five jobs. U-Haul continues to adapt its operations in response to changing demographics and market conditions, emphasizing its role in supporting essential services during the COVID-19 pandemic.
U-Haul will open a new retail and indoor self-storage facility in Tucson, Arizona, on July 20, 2020, located at 1265 E. Benson Hwy. The facility, known as U-Haul Moving & Storage of Bravo Park, includes over 700 indoor storage rooms equipped with high-tech security and climate control at affordable prices. This project took over four years to build, following U-Haul's acquisition of the property in March 2016. U-Haul aims to hire at least five local team members, contributing to job growth in the Tucson community.
U-Haul® has acquired the former Aladdin Self-Storage building in east Louisville, enhancing service offerings for local customers. The purchase, made on June 15, will allow U-Haul to operate self-storage rooms with climate control and advanced security features. The facility includes truck rentals, towing equipment, and moving supplies, with plans for propane exchanges. U-Haul's commitment to the Louisville community extends to job creation, hiring locally for the new location. This strategic expansion supports U-Haul's mission to provide essential moving and storage solutions.
U-Haul has announced plans for an adaptive reuse project at an unoccupied building in Madison, Tennessee, converting it into a full-service moving and self-storage facility. The property, acquired on January 3, will feature 700 climate-controlled self-storage units, with renovations expected to complete this fall. The facility emphasizes sustainability by reusing existing structures, aiding in local job creation by hiring at least six team members, and providing enhanced security features for storage units. U-Haul remains operational amidst COVID-19, offering contactless services and promoting community support.
U-Haul is launching an adaptive reuse project at a former Kmart store in Latrobe, converting the 90,243-square-foot space into 700 climate-controlled self-storage units. The initiative aligns with U-Haul's sustainability goals, preventing substantial waste and emissions. U-Haul plans to offer moving services and create at least 12 jobs in the area. The project aims to enhance community value while promoting eco-friendly practices and local employment.
U-Haul has acquired a 5.59-acre site in Murfreesboro, Tennessee, for a new moving and self-storage facility, set to open in 2021. The facility will feature over 130,000 square feet of space across five stories, with more than 800 climate-controlled self-storage units. Located near Middle Tennessee State University, it aims to meet the needs of local residents and students. U-Haul expects to create at least 12 jobs and is committed to enhancing community mobility and storage solutions.
U-Haul is expanding its Clarksville facility by acquiring a 1.29-acre used car lot to enhance its self-storage services. The new multi-story building will feature about 300 additional storage rooms equipped with high-tech security, targeting completion by 2021. This expansion responds to the increasing demand for storage as Clarksville grows. U-Haul plans to hire locally for this project, supporting community job growth. The Clarksville facility has been a local service provider since 1979 and continues to offer various moving products and services.
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