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 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.
AMERCO (Nasdaq: UHAL) announced a special cash dividend of $0.50 per share on August 20, 2020. The dividend, payable on September 21, 2020, will benefit shareholders on record as of September 7, 2020. As the parent company of U-Haul International, AMERCO continues its long-standing commitment to providing services in the moving and storage industry while promoting environmental sustainability.
U-Haul is offering 30 days of free self-storage to residents affected by the Elkhorn Fire and California Lightning Complex fires. This initiative comes as evacuation orders have been implemented, creating a need for secure storage locations. U-Haul has expanded its facilities to assist impacted individuals, adding five new locations to support residents in Tehama County and the Bay Area. U-Haul's long-standing presence in the community aims to provide essential services during emergencies.
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U-Haul is providing 30 days of free self-storage to residents affected by the fast-moving grass fire in Vacaville, California, as evacuation orders are in place. The initiative aims to support those needing secure locations to store personal belongings during this crisis. U-Haul's president stated the company wants to be a good neighbor and assist the community. Three local facilities have been designated for this program. U-Haul emphasizes its commitment to community needs, ensuring safety protocols are in place for customers.
U-Haul is offering 30 days of free self-storage and U-Box container usage to residents of Iowa impacted by severe storms with winds exceeding 100 mph. The initiative covers 16 store locations across Iowa and two in Illinois, aimed at assisting affected individuals during recovery efforts. Randy Dickson, president of U-Haul Company of Western Iowa, emphasized the company's commitment to support the community in need. For further assistance, residents can contact the nearest participating locations for storage solutions.
U-Haul at Fulton Industrial in Atlanta is permanently closing on Aug. 12, 2020, after 36 years of operation. The company will retain ownership of the property and lease it to a new tenant. Customers can access U-Haul products nearby at a new facility at 4225 Fulton Industrial, which includes essential moving services and storage options. The closure will impact nine employees. U-Haul continues to operate as an essential service during the COVID-19 pandemic, implementing safety protocols to protect both staff and customers.