Welcome to our dedicated page for U-Haul Holding news (Ticker: UHAL), a resource for investors and traders seeking the latest updates and insights on U-Haul Holding stock.
U-Haul Holding Company reports developments tied to its do-it-yourself moving, self-storage and insurance businesses. Company announcements commonly cover U-Haul International's truck, trailer and U-Box container services, storage-facility openings, self-storage pricing programs, disaster-relief storage offers and customer access tools such as U-Haul Truck Share 24/7.
Updates also include quarterly financial results, dividends on Series N Non-Voting Common Stock, fleet and storage-capacity commentary, and items involving subsidiaries such as Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. The recurring disclosures connect U-Haul's moving and storage network with related propane, trailer-hitch, packing-supply and insurance operations.
U-Haul is providing 30 days of free self-storage to residents affected by the recent tornado and severe storms in central Alabama. This initiative aims to assist individuals in Fultondale and surrounding areas as they begin recovery efforts. U-Haul locations will serve as a secure place to store belongings during this challenging time. The company's president, Scott Fall, emphasized the importance of community support. U-Haul is also recognized as an official American Red Cross Disaster Responder, reinforcing its commitment to aiding communities in need.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul, plans to announce its third quarter fiscal 2021 financial results after market close on February 3, 2021. An investor conference call will take place on February 4, 2021, at 8 a.m. Arizona Time (10 a.m. ET). This call may include forward-looking statements and will be archived for one year on the company’s website.
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.