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 expanding its operations in West Allis, Wisconsin, by acquiring a 79,805-square-foot property to increase self-storage capacity. The new facility will provide approximately 700 indoor units featuring high-tech security and climate control, addressing the growing demand in the area. This project, driven by U-Haul's sustainability initiatives, is expected to be completed by 2021. The company aims to create local jobs, planning to hire at least six new team members post-expansion.
U-Haul has acquired a 9.35-acre property in Mansfield, Ohio, previously occupied by Big Lots and Value City Furniture. This acquisition is part of U-Haul's plan to develop a new self-storage facility featuring approximately 600 climate-controlled units with advanced security features. The facility aims to promote job growth and sustainability, reducing the carbon footprint by repurposing existing buildings. The opening is anticipated in 2021, with U-Haul currently operating from a temporary showroom and offering services like truck rentals and moving supplies.
U-Haul at Preston Hwy in Louisville is expanding its services by acquiring a 1.72-acre property to build a multi-story self-storage facility. The new building will feature around 800 self-storage units, including indoor climate-controlled options, and will be completed by 2021. The expansion aims to meet the high demand for self-storage in the area. U-Haul continues to operate essential services throughout the COVID-19 pandemic, supporting moving needs for various groups. The initiative also promises local job opportunities during and after construction.
U-Haul is providing 30 days of free self-storage for residents affected by the Central Fire in New River and the Aquila Fire near Anthem, Arizona. The Central Fire has burned approximately 4,000 acres with 23% containment, while the Aquila Fire has reached 1,000 acres. Evacuation orders are in place, prompting U-Haul's initiative to offer storage solutions for those in need. This follows similar offers for other recent fire victims in Arizona. For more details, individuals can contact U-Haul locations directly for assistance.
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