U-Haul Holding Company Stock Price, News & Analysis

U-Haul's Collegeboxes program is set to assist over 7,000 students with moving services for the 2022 school year, showcasing a 40% increase in usage. Families can enjoy a 10% discount on services through July 29 when using the code BACK2SCHOOL. Collegeboxes provides direct delivery options, including Pre-arrival Delivery, helping eliminate moving day stress. The service is available to students across more than 350 schools and also offers shipping services at an additional 990 schools. This program reflects U-Haul's commitment to affordable and efficient student relocation.

AMERCO (Nasdaq: UHAL) has announced it will release its first quarter fiscal 2023 financial results after market close on August 3, 2022. Following the release, an investor conference call and webcast is scheduled for August 4, 2022, at 8 a.m. Arizona Time (11 a.m. ET). Interested parties can access the call online. The company emphasizes its commitment to transparency, with the call including forward-looking statements. AMERCO operates U-Haul and other subsidiaries, with a significant presence in the self-storage and moving industry.

U-Haul has acquired 4.12 acres in Daphne, Alabama, to build a modern retail, moving, and self-storage facility scheduled for completion in 2024. The facility will feature a three-story building with at least 700 climate-controlled storage units and advanced security. U-Haul aims to address local storage needs while promoting job growth by hiring at least 12 local team members. The project is part of U-Haul's growth strategy, reinforcing its position as a leader in the self-storage industry and enhancing community support through local employment opportunities.

The U-Haul store in Mesquite is closing after 43 years of service due to property acquisition by the state for a freeway expansion. The 2.1-acre site will be replaced by a new full-service center by the end of 2024. Eight team members are affected by the closure. U-Haul continues to expand its network, with over 21,000 independent dealers operating in North America. This strategic closure aligns with U-Haul's long-term plans to adapt to market changes and improve service offerings.

U-Haul is offering free safety inspections for propane cylinders at over 1,100 locations ahead of Independence Day. This initiative aims to ensure safe BBQ celebrations as propane sales typically increase around July 4. Customers can have their tanks inspected by certified technicians to check for leaks and damages. Propane tanks are qualified for 12 years from the manufacture date, and U-Haul provides options for requalification or purchasing new tanks. U-Haul emphasizes safety and sustainability in its propane services, reinforcing its position as the largest U.S. propane retailer.

U-Haul has invested over $7 million in the restoration of the Ford Island Control Tower at Pearl Harbor, commemorating WWII heroes. An interactive tour now offers 360-degree views of the historic site. The final restoration phase requires an additional $800,000, of which half is sought through donations. The renovations honor veterans, especially those connected to U-Haul, which was established by a Navy veteran. U-Haul continues to support veteran recruitment and charities. The project not only preserves history but also enriches visitor experience.

William E. 'Hap' Carty, the first employee of U-Haul and an industry innovator, passed away at 95. Carty joined U-Haul in 1946 and was instrumental in creating the one-way trailer rental concept, revolutionizing the do-it-yourself moving industry. He served as president and Chairman of the Board, expanding the dealership network to 15,000. Carty's legacy includes innovations in truck design and the establishment of the U-Haul Technical Center. His commitment shaped U-Haul into the leading self-moving company in North America, impacting lives across the network.

The U-Haul store in North Carlisle, which had been serving customers for 39 years, has closed as of May 31, 2022. The closure affects five employees and is part of U-Haul's strategy to adapt to evolving market conditions, including demographics and competition. U-Haul retains ownership of the 7,186-square-foot building and continues to offer services through its U-Haul Moving & Storage location at a former Kmart site. The company emphasizes its network of over 21,000 dealers in the U.S. and Canada to support DIY movers.

U-Haul plans to build a new moving and self-storage facility in Augusta, Georgia, set to open by June 2024. This four-story facility will feature over **700 climate-controlled self-storage rooms** and various services like truck rentals and moving supplies. The 10.76-acre property was acquired on June 14, 2022. U-Haul aims to address the growing demand for self-storage in the area, prioritizing local hiring and supporting the community. The company has a strong presence in North America with over **23,000 locations** and is recognized as a veteran-friendly employer.