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 has announced that North Port, Florida, is the top growth city in the U.S. for 2020 based on migration trends. The area experienced a 40% increase in one-way U-Haul truck arrivals compared to 2019, representing 62.3% of local traffic. Kissimmee and Port St. Lucie also ranked highly, reflecting Florida's strong moving trends. U-Haul's data, derived from over 2 million one-way truck transactions, highlights the appeal of these cities amid the pandemic. The report underscores the growth potential in regions like North Port, supported by economic factors and lifestyle amenities.
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The COVID-19 pandemic has spurred a significant out-migration from densely populated areas like New York City and the San Francisco Bay Area, according to a U-Haul report. In 2020, U-Haul data showed a marked increase in one-way truck rentals, especially from March to June, indicating urban residents relocating to less crowded areas. For instance, 58% of U-Haul traffic from San Francisco were departures, and New York City saw a 35% decrease in truck arrivals. Popular destinations included Bridgeport and Chicago. Overall, self-moves surged post-lockdown, reflecting a rebound in the moving industry.
U-Haul has been named a finalist for two categories in the S&P Global Platts Global Energy Awards, recognizing its corporate sustainability program and expanding green initiatives. This marks the fifth and sixth times U-Haul has received such honors since 2011, out of 300 nominations from over three dozen countries. The company was nominated for the Corporate Social Responsibility Award and the Sustained Excellence–Green Initiative Award.
U-Haul emphasizes its commitment to sustainability through energy-efficient programs and eco-friendly products, maintaining a focus on reducing its environmental impact.
AMERCO (Nasdaq: UHAL) announced a special cash dividend of $2.00 per share on December 9, 2020. The dividend will be paid on December 30, 2020 to shareholders on record as of December 21, 2020. This announcement reflects AMERCO's commitment to returning value to its investors. As the parent company of U-Haul and other subsidiaries, AMERCO continues to lead in the rental and moving industry, with a focus on customer satisfaction and environmental responsibility.
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U-Haul has opened a new self-storage facility in Nashua, N.H., featuring 110 climate-controlled units. Acquired in May 2019, the property also offers truck rentals, portable storage options, and a retail showroom. Planned expansions will add 600 more units, bringing the total to over 700. U-Haul's commitment to the community includes local hiring, with a focus on veterans. The company has maintained operations throughout the COVID-19 pandemic while implementing safety protocols. U-Haul continues to support essential services and the local economy.
AMERCO (Nasdaq: UHAL) reported a significant increase in net earnings for Q2 FY2021, reaching $266.4 million or $13.58 per share, compared to $156.3 million or $7.97 per share in Q2 FY2020. Self-moving equipment rental revenues surged by 16%, while self-storage revenues rose by 10%. The company also experienced a 35% increase in sales of moving and storage products. Cash and credit availability in the Moving and Storage segment improved to $1.29 billion. Despite these gains, AMERCO anticipates a lengthy period to normalize rental equipment investments.
U-Haul is providing 30 days of free self-storage for residents in Alabama, Georgia, and Mississippi affected by Tropical Storm Zeta. This initiative involves 50 self-storage facilities across these states. U-Haul aims to assist those impacted by the storm, which caused significant damage and power outages. The company previously offered similar support in southern Louisiana. U-Haul prides itself on being an official American Red Cross Disaster Responder and continues to serve its communities during challenging times.
U-Haul Company of Northern Louisiana is running a food drive until Nov. 18, benefiting the Food Bank of Northwest Louisiana. Donors of three non-perishable food items at Shreveport facilities will receive one month's free use of a storage unit. This initiative, supported by the Caddo Sheriff's Office, aims to assist community members affected by COVID-19. Last year's drive collected nearly 1,000 pounds of food. The promotion reflects U-Haul's commitment to local community support during challenging times.