U-Haul Holding Company Stock Price, News & Analysis

U-Haul is providing 30 days of free self-storage for residents in southeast Texas affected by Tropical Depression Beta. Six U-Haul Companies have opened 50 self-storage facilities to assist those at risk of flooding as heavy rain continues in the area. U-Haul emphasizes its commitment to community support, urging residents to utilize this disaster relief program. For further information, residents can contact various participating U-Haul storage locations across Houston and surrounding areas.

U-Haul is offering 30 days of free self-storage for residents in Alabama and Georgia impacted by Hurricane Sally, with 60 facilities available across both states. This initiative addresses significant flooding risks posed by the hurricane’s slow movement and storm surge. Earlier, U-Haul also provided facilities in Louisiana and southern Mississippi. U-Haul's response is part of its commitment as an American Red Cross Disaster Responder, ensuring their services remain available during crises and emphasizing their role as an essential service provider throughout 2020.

U-Haul is transforming a former beverage distribution center in Keene into a comprehensive moving and self-storage facility. The acquisition of the 34,304-square-foot site on August 26 aims to provide truck and trailer sharing, climate-controlled storage, and other moving services. The project will create 15 jobs locally, with a focus on hiring veterans. This initiative aligns with U-Haul's sustainability goals by repurposing existing buildings to reduce environmental impact. The facility is expected to enhance service for the growing population in Keene, a college town.

U-Haul has announced the acquisition of a historic 91-year-old building in LaVilla, Jacksonville, to develop a state-of-the-art retail and self-storage facility. This facility will feature 231 climate-controlled storage units and various moving supplies, enhancing local service offerings. The acquisition aligns with U-Haul's commitment to sustainability and community investment, promoting adaptive reuse to lower carbon footprints. Renovations are set to maintain the building's historical character while creating jobs locally. The facility is part of U-Haul's extensive network, which includes nearly 774,000 storage units across North America.

U-Haul is providing 30 days of free self-storage for residents affected by wildfires in the Pacific Northwest. With hundreds of fires fueled by strong winds and dry conditions, millions of acres have been damaged, leading to evacuation orders in many areas. U-Haul aims to support those in need by offering secure storage options through 25 local stores, including 15 in Oregon and 10 in Washington. U-Haul has emphasized its commitment to the community amidst this disaster.

U-Haul partners with Achilles Nashville for the 7th annual Hope & Possibility Race, transitioning to a virtual format from Sept. 12-19, 2020. Participants can engage in either a 1-miler or 5-miler, with the option to join the U-Haul Keep It Moving Challenge, covering three races totaling 12.1 miles. By registering, participants support Achilles International, a nonprofit that assists athletes with disabilities. U-Haul, a long-time supporter of the organization, emphasizes its commitment to community and veterans, contributing to a cause that empowers individuals with disabilities.

U-Haul, in partnership with Achilles New Jersey, is launching the virtual Hope & Possibility® Race, challenging New Jersey residents to participate from Sept. 11 to 13, 2020. This event includes a 4-miler and a Dog Day 5K, encouraging all fitness levels to join. A triple challenge, the U-Haul Keep It Moving Challenge, covers three distances across locations. Proceeds support Achilles International, which assists athletes with disabilities. U-Haul emphasizes its commitment to veterans and has sponsored this event for nearly two decades, enhancing community engagement.

On September 1, 2020, U-Haul and Pearl Harbor Aviation Museum announced a virtual unveiling of the renovated Ford Island Control Tower, providing a historical view of Pearl Harbor, America's first WWII aviation battlefield. The unveiling coincided with the 75th anniversary of V-J Day. A working elevator, gifted by U-Haul CEO Joe Shoen, allows visitors to access panoramic views. Although the traditional event has been postponed, livestreams will accommodate WWII veterans unable to attend due to restrictions. U-Haul honors its legacy and veteran employees in this initiative.

The U-Haul-owned Memphis Repair Shop at 3020 Lamar Ave. ceased operations on August 17, 2020, after serving the community since 1973. This closure has resulted in the layoff of 25 employees. U-Haul stated that such actions are part of long-term strategic plans influenced by factors like demographic shifts and facility limitations. U-Haul has maintained operations during the COVID-19 pandemic, focusing on customer safety through enhanced cleaning protocols.