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.
News for U-Haul Holding Company (NYSE: UHAL, UHAL.B) centers on its Moving and Storage operations, insurance subsidiaries and capital markets activity. As the parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, the company issues regular updates through press releases and SEC-referenced announcements.
Investors and observers can expect coverage of quarterly and semiannual financial results, where U-Haul Holding Company reports revenues and earnings from operations by segment, discusses trends in self-moving equipment rental, self-storage performance, U-Box container growth and key cost items such as fleet depreciation and maintenance. These releases also highlight cash and credit availability, debt metrics and adjusted EBITDA for the Moving and Storage segment.
Another recurring category of news involves the U-Haul Growth Index, which ranks U.S. states, metropolitan areas and cities based on net gains or losses of one-way U-Haul customers. These stories identify top growth states like Texas and Florida in specific years, leading metros such as Dallas-Fort Worth-Arlington, and growth cities such as Ocala, Florida, using transaction data from millions of one-way rentals across the U.S. and Canada.
Company communications also frequently describe community-focused initiatives, including offers of 30 days of free self-storage and U-Box container usage in areas affected by flooding and other natural disasters. Additional news items may cover network developments such as the opening or closure of repair shops, job creation at new facilities, participation in investor conferences, and announcements of dividends on the company’s non-voting common stock.
By following this news feed, readers can monitor U-Haul Holding Company’s operating trends, geographic migration insights, disaster relief efforts and corporate actions in one place.
U-Haul is providing assistance to families affected by the Tunnel Fire in Coconino County by offering 30 days of free U-Box storage at its Flagstaff store. The fire has rapidly spread, affecting hundreds of households and growing to 16,625 acres with no containment. U-Haul's initiative aims to support those displaced by the disaster, allowing them to store their belongings at no cost. The offer remains available until the store's U-Box inventory is filled, with U-Haul emphasizing its commitment as an official American Red Cross Disaster Responder.
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U-Haul has acquired two former Maine Storage Plus facilities as of February 28, 2022, to enhance moving and storage services in Hancock County. These locations will provide a total of 532 self-storage rooms, featuring climate control and advanced security. U-Haul aims to offer affordable storage solutions to local residents. Additionally, the company plans to hire locally and has a strong focus on employing veterans. This expansion signifies U-Haul's commitment to meet growing customer demands while supporting the Ellsworth community.
U-Haul is providing 30 days of free self-storage and U-Box container usage to residents affected by a five-alarm fire in Lawrence, Massachusetts, on April 16, 2022. The fire displaced 16 families and impacted multiple buildings on Crosby Street. U-Haul aims to support the community by offering secure storage while families begin rebuilding. Additionally, U-Haul is supplying moving materials and encouraging the public to participate in their Take a Box, Leave a Box program for reusable boxes. For more information, affected residents can contact U-Haul directly.
AMERCO (Nasdaq: UHAL) declared a special cash dividend of $0.50 per share on April 6, 2022. This dividend is payable on April 29, 2022, to shareholders on record as of April 18, 2022. AMERCO is the parent company of U-Haul and several insurance companies, operating a vast network of moving and storage solutions since 1945. The company's offerings include approximately 176,000 trucks, 126,000 trailers, and 855,000 storage units across 23,000 locations in North America.
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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.