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 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.
AMERCO (Nasdaq: UHAL), parent company of U-Haul International, plans to report its second quarter fiscal 2021 financial results after the market closes on November 4, 2020. An investor conference call and webcast is scheduled for November 5, 2020, at 8 a.m. Arizona Time (10 a.m. ET). The call will be archived for a year for those unable to attend live. U-Haul, founded in 1945, is a leader in the do-it-yourself moving and self-storage industry, operating over 22,000 locations across the U.S. and Canada.
U-Haul of Cooks Corner in Brunswick, Maine, closed permanently on Sept. 30, 2020, after serving the community for 34 years. Although operations ceased, U-Haul plans to retain ownership of the property and lease it to a new tenant. Customers can access U-Haul services within two miles at U-Haul Moving & Storage of Arrow Hart. This relocation aligns with the company's sustainability initiatives, promoting the reuse of existing buildings to reduce environmental footprints. The closure resulted in the loss of three team members.
U-Haul has purchased its first million gallons of renewable propane, now available to customers in Southern California. This initiative, in partnership with Suburban Propane Partners, aims to provide eco-friendly fuel to enhance sustainability. U-Haul is absorbing the premium cost, allowing customers to enjoy carbon-neutral benefits at no extra charge. The initiative is expected to eliminate 5 million tonnes of greenhouse gases, with renewable propane derived from sustainable sources offering lower carbon intensity than traditional fuels. U-Haul continues its commitment to sustainability through various initiatives.
U-Haul at Gordon Highway in Augusta permanently closed on Sept. 30, ending 43 years of service. Although the location ceased operations, U-Haul will retain ownership and lease the property to a new tenant. Customers can access U-Haul products less than a mile away at a newly acquired facility formerly a Kmart, which supports U-Haul's sustainability initiatives. The closure, driven by strategic business decisions, resulted in the layoff of four employees. U-Haul remains operational during the COVID-19 pandemic, ensuring safety protocols are followed for customers and employees.
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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.