U-Haul Holding Company Stock Price, News & Analysis

U-Box, portable moving and storage containers, have been recognized as the best in the industry, receiving a 4.8 out of 5 stars from Forbes Home in its "Best Moving Containers Of 2022" ranking. Factors for this top position include high customer satisfaction, flexibility, and no cancellation fees. U-Box containers offer 257 cubic feet of storage and one-ton capacity, with availability in all states and global shipping options. U-Haul continues to support communities during COVID-19, ensuring safe delivery and enhanced cleaning protocols.

U-Haul acquired the former Bonanza Mini Storage facility in Las Vegas to enhance moving and storage services for local residents. The new U-Haul Storage at Bonanza, operational since December 13, features 155 rental units on nearly one acre, located just 2.5 miles from downtown. This eco-friendly expansion allows U-Haul to meet rising demand without new construction. Customers can access extended hours, reflecting U-Haul's commitment to quality service. The company emphasizes support for local dealers and essential services during COVID-19 recovery.

U-Haul Moving & Storage at Princeton & Candelaria closed its doors permanently on February 18, 2022, after 11 years of operation. This retail space, spanning 700 square feet, initially served DIY movers since 2011. U-Haul maintains ownership of the site, with a nearby location at U-Haul of Westside offering a full range of products and services. Despite the closure, U-Haul continues to support communities, providing essential services during the COVID-19 recovery. Four employees were impacted by the closure.

U-Haul has officially closed its fulfillment center at 1650 N. Topping Ave., with operations ceasing in late 2021. This facility, operational since 2008, distributed products across the U.S. and Canada, employing about 200 team members who have now been let go. U-Haul is transitioning to a new fulfillment center at 1800 Reynolds Ave. to support increased shipping demands, packing and shipping over 500,000 parts weekly. Reasons for the closure include strategic growth plans and operational efficiency.

U-Haul has officially commenced operations at its new fulfillment and distribution center located at 1800 Reynolds Ave., Kansas City, expanding its operational footprint. The 410,000-square-foot facility enhances U-Haul's distribution capabilities for truck parts and moving supplies across North America. This significant investment reflects U-Haul's commitment to sustainability through adaptive reuse of existing structures. The center aims to employ at least 220 individuals, underscoring U-Haul's support for local job creation.

AMERCO (Nasdaq: UHAL) reported robust financial results for its third quarter ending December 31, 2021, with net earnings of $281.5 million ($14.35 per share), up from $183.0 million ($9.33 per share) year-over-year. For the nine-month period, earnings reached $1,036.5 million ($52.86 per share), compared to $537.1 million ($27.39 per share) last year. Key revenue drivers included a 21% increase in self-moving equipment rental revenues and a 30% rise in self-storage revenues. Despite challenges in vehicle acquisition, productivity improvements were emphasized.

U-Haul announced plans to transform the former Maiers Transport & Warehousing facility at 700 54th Ave into a comprehensive retail, moving, and self-storage center in St. Cloud, Minnesota. The adaptive reuse project will feature approximately 650 climate-controlled storage units equipped with advanced security features and will promote local job creation by hiring at least 10 team members. U-Haul acquired the property on Dec. 28, 2021, as part of its commitment to sustainability and community support. The facility aims to meet the growing storage needs of the west side of St. Cloud.

U-Haul will establish a new retail, moving, and self-storage facility at 8200 Jefferson St., Albuquerque, scheduled to open by the end of 2023. The three-story building will feature climate-controlled self-storage, outdoor storage units, and U-Box portable storage containers. Offering over 700 ADA-accessible self-storage rooms, the facility will include U-Haul truck rentals and moving supplies. U-Haul acquired the property on Dec. 30, and plans to hire at least 12 local employees. This expansion aims to meet the demand for affordable self-storage in the area.