U-Haul Holding Company Stock Price, News & Analysis

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.

AMERCO (Nasdaq: UHAL), the parent company of U-Haul, will release its third quarter fiscal 2022 financial results after market close on February 9, 2022. An investor conference call is scheduled for February 10, 2022, at 8 a.m. Arizona Time (10 a.m. ET). The call and webcast may contain forward-looking statements. Investors can access the archived call for a year on www.amerco.com.

U-Haul is transforming a former Kmart building located at 2450 Foothill Blvd. in Rock Springs, Wyoming, into over 700 climate-controlled self-storage rooms. This initiative aims to meet local demand and aligns with the company's sustainability goals. The facility will offer advanced security features and affordable pricing, enhancing customer access with extended hours. U-Haul, which acquired the 8.19-acre property on December 17, 2021, plans to hire at least 12 local employees and continues to support small businesses through dealer partnerships.

U-Haul plans a new retail, moving, and self-storage facility in Elizabeth City, N.C., set for completion by 2024. The 18.6-acre site, acquired on January 13, will feature a three-story building with over 100,000 square feet and more than 700 climate-controlled self-storage rooms. This facility aims to meet the local demand for storage and moving services, as the nearest full-service store is in Chesapeake, Virginia. U-Haul will also hire locally, focusing on job growth within the community.

U-Haul has acquired nearly nine acres of land in Danville, Virginia, to develop a new retail, moving, and self-storage facility, scheduled for completion in 2023. The multi-story building will exceed 100,000 square feet and feature at least 700 indoor, ADA-accessible self-storage units with climate control and advanced security. This expansion aims to meet growing local demand and create 15 local job opportunities. U-Haul's commitment to the community includes offering necessary moving supplies and services to residents, strengthening its presence in the area.