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 has opened a new 55,000-square-foot Akron Repair Shop at 1520 V. Odom Blvd., replacing its former facility at 1570 V. Odom Blvd. The new location will allow U-Haul to inspect and service more equipment to support its growing business in Ohio. The company plans to hire several new team members, including mechanics, engineers, and technicians, to staff the new shop. U-Haul is committed to promoting job growth in the Akron community and actively recruits veterans, giving them preference in the hiring process. The former repair shop space will be repurposed to serve the needs of the U-Haul Moving & Storage of Akron store.
U-Haul® has acquired a 7.8-acre property at 3394 Elm Road NE in Warren, Ohio, formerly occupied by Chase® bank and Tops® Friendly Market. The U-Haul Moving & Storage of Warren North is currently operating from a temporary retail showroom, offering services like truck rentals, trailers, and moving supplies. Renovations are scheduled for completion by summer 2025.
The company plans to add 1,000 indoor climate-controlled self-storage units and a warehouse for 500 U-Box portable containers. Additional services will include professional hitch installation and propane. This project is part of U-Haul's Adaptive Reuse program, which aims to reduce emissions and eliminate blight. The company expects to hire up to 10 Team Members locally, with a preference for veterans.
U-Haul® has acquired the historic Ward Bakery building in Youngstown, Ohio, to expand its self-storage options. The 101-year-old building, now U-Haul Storage of Youngstown, will be renovated to include up to 800 climate-controlled storage units with high-end security features. The exterior will be preserved to maintain its original character. This project, part of U-Haul's Adaptive Reuse program, is the company's second such initiative in Youngstown.
Renovations are scheduled to be completed by spring 2025. The company plans to hire up to six local team members to support the new store, with a preference for veterans. This acquisition aligns with U-Haul's corporate sustainability initiatives, promoting infill developments and reducing carbon footprint by repurposing existing buildings.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) has announced its schedule for releasing first quarter fiscal 2025 financial results. The company plans to report these results after market trading closes on Wednesday, August 7, 2024. Following this, U-Haul will conduct its first quarter investor conference call and webcast on Thursday, August 8, 2024, at 8 a.m. Arizona Time (11 a.m. ET).
Investors and interested parties can access the webcast via the provided link. U-Haul Holding Company is the parent organization of several subsidiaries, including U-Haul International, Oxford Life Insurance Company, Repwest Insurance Company, and Amerco Real Estate Company.
U-Haul® has announced plans to open its first U-Box® warehouse in Concord, California, at 4658 Evora Road. The 98,000-square-foot facility will be operational by fall 2024 and will have the capacity to store up to 5,000 portable storage containers. Located on a 15.42-acre property near the Willow Pass Business Park, the warehouse will offer U-Box services and potentially truck and trailer sharing in the future.
Jerry Owen, U-Haul Company of East Bay president, stated that this expansion will significantly enhance their ability to serve customers in the area. The company plans to hire up to 10 local team members, with a preference for veterans. U-Haul emphasizes its commitment to sustainability through shared-use business models, adaptive reuse of buildings, and eco-friendly initiatives like the U-Box Load Share program.
U-Haul has acquired the former Lazy Day Storage facility in Buford, Georgia, transforming it into U-Haul Moving & Storage at Lake Lanier. The four-acre property, located at 6619 Lanier Islands Parkway, now offers 307 drive-up self-storage units, U-Haul truck and trailer sharing, towing equipment, and moving supplies. This strategic acquisition aims to meet the growing self-storage needs in Gwinnett County, particularly given Lake Lanier's popularity with over 10 million annual visitors.
The facility operates Tuesday through Saturday, 9 a.m. to 5 p.m. U-Haul emphasizes its commitment to sustainability through shared-use business models, adaptive reuse of existing buildings, and eco-friendly initiatives like the U-Box Load Share program, recently recognized as the Most Environmentally Friendly Service of the Year.
U-Haul has announced plans to build its first retail, moving, and self-storage center in Athens, Alabama. The facility, located at 16298 Athens-Limestone Blvd., is scheduled to open in March 2026. The three-story center will feature 1,100 indoor self-storage units, with over half offering climate-control options. The 5.3-acre site will provide various services, including moving truck rentals, U-Box containers, and a retail showroom.
U-Haul plans to hire up to 14 local team members, prioritizing veterans in the hiring process. The company aims to meet the growing demand for its services in Athens, which has previously been served by local small businesses in the U-Haul Dealer Network. Until the new store opens, customers can access U-Haul services through nearby dealer locations and full-service facilities within a 20-mile radius.
U-Haul has opened a new retail, moving, and self-storage center in Kaukauna, Wisconsin. The facility, located at 1550 Arbor Way, offers over 1,000 self-storage units with heating and climate-control options, as well as high-tech security features. A grand opening event is scheduled for August 1, 2023, from 1-4 p.m., featuring free lunch, tours, giveaways, and a ribbon-cutting ceremony.
The complex includes a 12,000-square-foot U-Box warehouse with space for 672 mobile containers. U-Haul plans to hire nine team members for the new store, prioritizing local hiring and veteran recruitment. This marks U-Haul's first store in Kaukauna, expanding its services in Outagamie County.
U-Haul announced the closure of its U-Box Moving & Storage facility at 4744 Forest St. in Denver, which had been operating for five years. The closure, which occurred earlier this year, resulted in the termination of four employees. The property was leased by U-Haul, and the company still maintains four other company-owned and operated stores in Denver to meet customers' needs. Customers from the closed facility can access services at a nearby location at U-Haul Moving & Storage of Park Hill. U-Haul's decision to shutter the location aligns with its ongoing strategy to optimize its operations and better serve customer needs amidst various considerations such as strategic plans, safety, physical site conditions, demographic shifts, and more.
PHOENIX, June 28, 2024 -- U-Haul is offering free propane safety checks and qualification inspections at over 1,180 locations for the Fourth of July. Customers are encouraged to visit U-Haul facilities to ensure their propane tanks are safe and filled. This initiative celebrates U-Haul's 40 years as a propane retailer. Certified technicians will inspect tanks for leaks, dents, cracks, and rust. U-Haul’s S.T.E.P. program ensures safe and efficient propane handling. U-Haul also promotes sustainable practices with refillable propane cylinders and alternative-fuel vehicle services. For more information on U-Haul's propane services, visit their website.
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