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.
On June 18, 2024, U-Haul acquired the former Able Mini Storage property in Maplewood, Minnesota. The site, now known as U-Haul Storage of Maplewood, spans 1.84 acres and offers 262 drive-up self-storage units. This acquisition aims to meet the high demand for self-storage in Ramsey County. The facility is managed remotely by U-Haul Moving & Storage of Maplewood, located less than a mile away. U-Haul plans to hire several new team members locally, including veterans, to support this expansion. The facility operates under extended hours throughout the week.
U-Haul has opened its first store in Livingston, Texas, at the former Lake Livingston Outlet Mall, following its acquisition on June 12, 2024. The 7.5-acre property at 440 Highway 59 Loop S now offers a range of moving services, including truck rentals, trailers, towing devices, and moving supplies. Future plans include climate-controlled storage, RV and boat parking, and a deluxe showroom. The adaptive reuse of the property aligns with U-Haul's sustainability initiatives, reducing emissions and eliminating blight. U-Haul aims to hire up to 12 local team members and emphasizes hiring veterans. This new center contributes to U-Haul's extensive network of over 190 stores in Texas.
Seven U-Haul companies in southern and central Florida announced the availability of 87 self-storage facilities for flood victims, offering 30 days of free storage services. This initiative comes in response to severe flooding that started Tuesday, causing widespread disruptions and a state of emergency declared by Florida Gov. Ron DeSantis. Areas affected include Miami, Fort Lauderdale, West Palm Beach, Sarasota, and Tampa. U-Haul's program aims to provide critical dry storage for families and businesses during the recovery phase. The offer is valid for new self-storage rentals, based on availability. More information can be obtained from participating U-Haul stores across Clearwater, East Tampa, Eastern Florida, Fort Lauderdale, Miami, West Tampa, and Western Florida.
U-Haul has acquired a 6.88-acre property at 19600 S. Harlem Ave. in Frankfort, Illinois, to meet the moving and self-storage needs of Will County. The location will be the first U-Haul-operated center in Frankfort and is strategically situated near Interstates 80 and 57. The new facility will include a three-story, 94,764-square-foot building with 937 indoor climate-controlled self-storage rooms and high-tech security features. The facility will also offer truck and trailer sharing, moving supplies, propane, and green initiatives. Services will start in August. U-Haul plans to hire up to 10 local team members, with a preference for veterans.
Ridgefield, the birthplace of U-Haul, will soon house its own U-Haul store, set for a grand opening in 2026. The new facility, U-Haul Moving & Storage of Ridgefield, will feature 850 indoor climate-controlled storage units on a 5.75-acre lot at 17601 NE Union Road. The property was purchased on May 24, 2024. This 94,764-square-foot, three-story center will also offer moving trucks, trailers, towing equipment, and much more. U-Haul plans to hire up to 20 local team members, contributing to job growth in the community. This development enhances U-Haul's service offerings in southern Washington, addressing a previously unmet need in Ridgefield.
U-Haul has announced plans to build a new facility at 6303 Calumet Ave., Hammond, Indiana, expected to be completed by summer 2026. The new center will be just a third of a mile from its existing location at 822 165th St. The project, intended to meet the growing community needs, will feature a three-story building with a modern retail showroom and 676 climate-controlled storage units. Acquired on May 26, the 2.7-acre property will also offer truck and trailer sharing, U-Box portable storage, towing equipment, propane, and moving supplies. U-Haul aims to hire locally, promoting job growth and offering veterans hiring preference. The company emphasizes sustainability through its shared-use model and adaptive reuse initiatives.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B).
The dividend is payable on June 28, 2024, to shareholders of record on June 17, 2024.
This marks the seventh dividend issued under the company's policy announced in October 2022.
U-Haul Holding Company (NYSE: UHAL, UHAL.B), the largest do-it-yourself moving and self-storage company in North America, will participate in the 2024 Wolfe Research Small and Mid-Cap Conference on June 6, 2024. The company’s management team will hold meetings with institutional investors and present an updated investor presentation.
The presentation is accessible on the company's investor relations website.
U-Haul announces plans for its first retail, moving, and self-storage center in Clarkdale, Arizona, expected to be completed by summer 2026. The 9.18-acre site, acquired on May 24, will feature a three-story building with over 700 climate-controlled storage units, a spacious retail showroom, and various moving services. U-Haul aims to hire up to 14 local employees, including veterans, to staff the new facility. The new store will support U-Haul's sustainability initiatives through shared-use business models and eco-friendly practices. Until the store opens, customers can use the nearby U-Haul location in Cottonwood.
U-Haul has acquired 11.23 acres at 16963 Douglas Road in Mishawaka, Indiana, to build a new retail, moving, and self-storage facility named U-Haul Moving & Storage of University Park.
Scheduled to open by summer 2026, the facility will offer 967 climate-controlled storage units and various services, including truck and trailer rentals, moving supplies, and professional hitch installation.
Located 1.3 miles from the University of Notre Dame, it aims to serve students and staff. U-Haul plans to hire up to 17 local employees and will emphasize veteran recruitment.
This new location will be U-Haul's fourth self-storage property in Mishawaka and continues their environmental initiatives through shared-use business models and sustainable practices.
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